Banco de Chile (NYSE:BCH) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.93 and traded as high as $21.97. Banco de Chile shares last traded at $21.83, with a volume of 69,881 shares traded.
A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Banco de Chile from a “sell” rating to a “hold” rating in a research note on Friday, November 6th. Itau BBA Securities raised shares of Banco de Chile from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Tuesday, November 17th. Finally, Zacks Investment Research raised shares of Banco de Chile from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, January 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $24.00.
The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 2.91 and a beta of 0.52. The company’s 50-day simple moving average is $20.10 and its 200 day simple moving average is $17.93.
Hedge funds have recently added to or reduced their stakes in the business. Aperio Group LLC boosted its holdings in Banco de Chile by 3.6% during the third quarter. Aperio Group LLC now owns 173,419 shares of the bank’s stock valued at $2,622,000 after acquiring an additional 6,000 shares during the period. Neuberger Berman Group LLC bought a new stake in Banco de Chile during the second quarter valued at about $246,000. Thrivent Financial for Lutherans bought a new stake in Banco de Chile during the third quarter valued at about $267,000. Finally, Newfoundland Capital Management bought a new stake in Banco de Chile during the third quarter valued at about $587,000.
Banco de Chile Company Profile (NYSE:BCH)
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. The company operates through four segments: Retail, Wholesale, Treasury, and Subsidiaries. It offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, micro entrepreneurial, and installment loans; and credit and debit cards.
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