Banco de Chile (NYSE:BCH – Get Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.
Separately, JPMorgan Chase & Co. raised their price target on shares of Banco de Chile from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th.
Read Our Latest Research Report on BCH
Banco de Chile Stock Down 1.1 %
Banco de Chile (NYSE:BCH – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $824.83 million during the quarter, compared to analyst estimates of $818.94 million. Banco de Chile had a return on equity of 23.65% and a net margin of 29.41%. Equities research analysts predict that Banco de Chile will post 2.18 earnings per share for the current year.
Institutional Trading of Banco de Chile
Institutional investors have recently modified their holdings of the business. FMR LLC grew its position in shares of Banco de Chile by 30.4% in the third quarter. FMR LLC now owns 418,556 shares of the bank’s stock valued at $8,455,000 after purchasing an additional 97,601 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Banco de Chile by 143.6% in the fourth quarter. Wellington Management Group LLP now owns 280,716 shares of the bank’s stock valued at $6,479,000 after acquiring an additional 165,467 shares during the period. Bessemer Group Inc. bought a new position in Banco de Chile in the 1st quarter valued at $6,189,000. Alberta Investment Management Corp grew its position in shares of Banco de Chile by 215.2% during the 4th quarter. Alberta Investment Management Corp now owns 146,633 shares of the bank’s stock valued at $3,384,000 after purchasing an additional 100,108 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Banco de Chile by 17.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,367 shares of the bank’s stock worth $2,614,000 after buying an additional 17,241 shares in the last quarter. 1.24% of the stock is currently owned by hedge funds and other institutional investors.
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.
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