Banco de Chile (NYSE:BCH – Get Free Report) had its target price increased by investment analysts at JPMorgan Chase & Co. from $20.00 to $21.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 3.85% from the company’s previous close.
Separately, HSBC lowered Banco de Chile from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.00.
View Our Latest Analysis on Banco de Chile
Banco de Chile Price Performance
Banco de Chile (NYSE:BCH – Get Free Report) last posted its quarterly earnings results on Monday, January 29th. The bank reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. Banco de Chile had a return on equity of 25.45% and a net margin of 28.62%. The firm had revenue of $987.90 million during the quarter, compared to analyst estimates of $872.49 million. As a group, equities research analysts forecast that Banco de Chile will post 2.13 EPS for the current year.
Institutional Investors Weigh In On Banco de Chile
Large investors have recently added to or reduced their stakes in the business. Mariner LLC boosted its stake in Banco de Chile by 46.1% during the third quarter. Mariner LLC now owns 26,203 shares of the bank’s stock valued at $529,000 after buying an additional 8,265 shares during the period. Wellington Management Group LLP bought a new stake in Banco de Chile during the third quarter valued at $2,328,000. Alberta Investment Management Corp bought a new stake in Banco de Chile during the third quarter valued at $940,000. Advisors Preferred LLC bought a new stake in Banco de Chile during the fourth quarter valued at $194,000. Finally, Brandywine Global Investment Management LLC boosted its stake in Banco de Chile by 4.5% during the third quarter. Brandywine Global Investment Management LLC now owns 90,058 shares of the bank’s stock valued at $1,819,000 after buying an additional 3,910 shares during the period. Institutional investors own 1.24% of the company’s stock.
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.
See Also
- Five stocks we like better than Banco de Chile
- What is a Bond Market Holiday? How to Invest and Trade
- United Airlines Soars on Earnings Beat
- Transportation Stocks Investing
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Dividend Payout Ratio Calculator
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Banco de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco de Chile and related companies with MarketBeat.com's FREE daily email newsletter.