Banco de Chile (NYSE:BCH) Issues Earnings Results

Banco de Chile (NYSE:BCH - Get Free Report) issued its quarterly earnings data on Tuesday. The bank reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.03), Yahoo Finance reports. Banco de Chile had a net margin of 28.99% and a return on equity of 22.72%. The firm had revenue of $980.10 million during the quarter, compared to analysts' expectations of $796.96 million.

Banco de Chile Stock Performance

Shares of NYSE:BCH traded down $0.19 on Wednesday, hitting $23.48. The company's stock had a trading volume of 199,400 shares, compared to its average volume of 191,040. Banco de Chile has a 12 month low of $20.14 and a 12 month high of $25.97. The stock's 50-day moving average is $24.75 and its two-hundred day moving average is $23.87. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 7.98 and a beta of 0.40.

Analyst Ratings Changes

Separately, StockNews.com upgraded Banco de Chile from a "sell" rating to a "hold" rating in a research report on Friday, July 19th.

About Banco de Chile

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.