Bank of Chile (NYSE: BCH – Get a rating) was downgraded by Credit Suisse Group equity research analysts from an “outperforming” rating to a “neutral” rating in a report released on Friday, Fly reports.
Several other analysts have also published reports on BCH. Itau BBA Securities downgraded Banco de Chile from an “outperforming” rating to a “market performance” rating and set a target price of $22.00 for the stock. in a research note from Tuesday, June 7. Grupo Santander upgraded Banco de Chile from a “neutral” rating to an “outperforming” rating and set a target price of $25.00 on the stock in a Thursday, May 19 research note. Itaú Unibanco upgraded Banco de Chile from an “outperforming” rating to a “market performing” rating and set a price target of $22.00 for the company. in a research report on Tuesday, June 7. Banco Santander upgraded Banco de Chile to a “buy” rating and set a $25.00 price target for the company in a Friday, May 20 research report. To finish, StockNews.com upgraded Banco de Chile from a “hold” rating to a “buy” rating in a Monday, August 8 research report. Four analysts gave the stock a hold rating and four gave the stock a buy rating. According to data from MarketBeat.com, Banco de Chile currently has an average rating of “Moderate Buy” and a consensus target price of $23.67.
Banco de Chile share performance
BCH shares opened at $18.54 on Friday. The company has a market capitalization of $9.36 billion, a PE ratio of 5.49, a PEG ratio of 0.82 and a beta of 0.37. The stock’s fifty-day moving average price is $18.50 and its two-hundred-day moving average price is $20.02. The company has a debt ratio of 3.17, a current ratio of 1.46 and a quick ratio of 1.46. Banco de Chile has a 1-year low of $15.60 and a 1-year high of $22.74.
Hedge funds weigh on Banco de Chile
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Banco de Chile in the 2nd quarter for a value of approximately $120,000. Atlas Capital Advisors LLC bought a new position in shares of Banco de Chile in Q2 for a value of approximately $136,000. Advisors Asset Management Inc. bought a new position in shares of Banco de Chile in Q2 for a value of approximately $148,000. Envestnet Asset Management Inc. bought a new position in shares of Banco de Chile in the 4th quarter for a value of approximately $159,000. Finally, Profund Advisors LLC bought a new position in shares of Banco de Chile in Q4 worth around $174,000. 0.89% of the shares are currently held by hedge funds and other institutional investors.
Banco de Chile Company Profile
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through retail banking, wholesale banking and cash and money market segments. The Company offers deposit products, such as checking accounts, current accounts, deposits and current accounts, savings accounts and term deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
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