Banco de Chile (NYSE:BCH - Free Report) had its target price lifted by JPMorgan Chase & Co. from $21.00 to $23.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the bank's stock.
Banco de Chile Price Performance
NYSE BCH traded up $0.39 during trading on Friday, reaching $24.68. The company's stock had a trading volume of 165,831 shares, compared to its average volume of 155,041. The stock has a market capitalization of $12.46 billion, a PE ratio of 8.85 and a beta of 0.44. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a fifty day moving average of $23.06 and a 200 day moving average of $23.85. Banco de Chile has a one year low of $20.93 and a one year high of $25.97.
Banco de Chile (NYSE:BCH - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.03). The firm had revenue of $980.10 million for the quarter, compared to the consensus estimate of $796.96 million. Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. Analysts expect that Banco de Chile will post 2.5 EPS for the current fiscal year.
Hedge Funds Weigh In On Banco de Chile
A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Banco de Chile in the 3rd quarter worth approximately $36,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Banco de Chile by 31.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank's stock worth $351,000 after buying an additional 3,730 shares during the last quarter. R Squared Ltd bought a new stake in shares of Banco de Chile in the 4th quarter worth approximately $94,000. Blue Trust Inc. boosted its position in shares of Banco de Chile by 39.8% during the fourth quarter. Blue Trust Inc. now owns 15,574 shares of the bank's stock valued at $353,000 after purchasing an additional 4,434 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Banco de Chile by 81.8% during the third quarter. Barclays PLC now owns 11,151 shares of the bank's stock valued at $282,000 after purchasing an additional 5,016 shares in the last quarter. 1.24% of the stock is owned by hedge funds and other institutional investors.
Banco de Chile Company Profile
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Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.
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