Banco de Chile (NYSE:BCH) received a $73.00 price objective from analysts at Credit Suisse Group AG in a report released on Wednesday. The brokerage presently has a “hold” rating on the stock. Credit Suisse Group AG’s price objective points to a potential downside of 1.97% from the company’s current price.
Several other brokerages have also recently issued reports on BCH. Zacks Investment Research cut shares of Banco de Chile from a “hold” rating to a “sell” rating in a research note on Friday, February 10th. JPMorgan Chase & Co. raised shares of Banco de Chile from a “neutral” rating to an “overweight” rating and set a $80.00 target price on the stock in a research note on Tuesday, December 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Banco de Chile currently has a consensus rating of “Hold” and a consensus price target of $78.00.
Banco de Chile (NYSE:BCH) traded up 0.59% on Wednesday, reaching $74.91. 10,558 shares of the company traded hands. The stock has a 50 day moving average of $73.04 and a 200-day moving average of $70.76. Banco de Chile has a 1-year low of $58.40 and a 1-year high of $75.39. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 13.87 and a beta of 0.57.
Banco de Chile (NYSE:BCH) last announced its earnings results on Tuesday, January 31st. The company reported $1.14 earnings per share (EPS) for the quarter. Banco de Chile had a net margin of 23.97% and a return on equity of 20.26%. On average, equities analysts anticipate that Banco de Chile will post $5.46 EPS for the current year.
The company also recently declared an annual dividend, which was paid on Thursday, March 30th. Stockholders of record on Friday, March 17th were given a dividend of $1.756 per share. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a dividend yield of 3.68%. Banco de Chile’s payout ratio is 42.67%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its position in shares of Banco de Chile by 6.2% in the first quarter. Capstone Asset Management Co. now owns 12,253 shares of the company’s stock valued at $884,000 after buying an additional 720 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Banco de Chile by 16.1% in the fourth quarter. AQR Capital Management LLC now owns 77,695 shares of the company’s stock valued at $5,474,000 after buying an additional 10,781 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of Banco de Chile during the fourth quarter valued at $125,000. Renaissance Technologies LLC boosted its position in shares of Banco de Chile by 13.5% in the fourth quarter. Renaissance Technologies LLC now owns 568,552 shares of the company’s stock valued at $40,054,000 after buying an additional 67,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Banco de Chile by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 198,029 shares of the company’s stock valued at $13,953,000 after buying an additional 1,026 shares during the last quarter. 3.31% of the stock is currently owned by hedge funds and other institutional investors.
Banco de Chile Company Profile
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