Brokerages Expect Banco de Chile (NYSE:BCH) Will Post Earnings of $0.56 Per Share

Equities research analysts expect Banco de Chile (NYSE:BCH – Get Rating) to announce earnings of $0.56 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Banco de Chile’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.49. Banco de Chile reported earnings of $0.44 per share during the same quarter last year, which indicates a positive year over year growth rate of 27.3%. The company is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Banco de Chile will report full year earnings of $2.14 per share for the current year, with EPS estimates ranging from $1.91 to $2.30. For the next year, analysts anticipate that the business will post earnings of $2.21 per share, with EPS estimates ranging from $2.09 to $2.31. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Banco de Chile.

Banco de Chile (NYSE:BCH – Get Rating) last announced its quarterly earnings data on Friday, April 29th. The bank reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. The firm had revenue of $560.31 million for the quarter, compared to the consensus estimate of $742.05 million. Banco de Chile had a net margin of 24.90% and a return on equity of 15.65%.

BCH has been the topic of a number of research analyst reports. Scotiabank upgraded shares of Banco de Chile from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, April 13th. StockNews.com initiated coverage on shares of Banco de Chile in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Credit Suisse Group upgraded shares of Banco de Chile from a “neutral” rating to an “outperform” rating and raised their price target for the company from $18.00 to $25.00 in a research note on Wednesday, March 2nd. Zacks Investment Research upgraded shares of Banco de Chile from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, April 12th. Finally, JPMorgan Chase & Co. downgraded shares of Banco de Chile from an “overweight” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research note on Thursday, February 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Banco de Chile currently has a consensus rating of “Buy” and a consensus price target of $23.67.

A number of large investors have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. boosted its position in Banco de Chile by 2.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 24,372 shares of the bank’s stock worth $522,000 after buying an additional 612 shares during the period. State Street Corp boosted its position in Banco de Chile by 0.9% during the 4th quarter. State Street Corp now owns 84,611 shares of the bank’s stock worth $1,329,000 after buying an additional 761 shares during the period. Deutsche Bank AG boosted its position in Banco de Chile by 2.2% during the 3rd quarter. Deutsche Bank AG now owns 39,672 shares of the bank’s stock worth $734,000 after buying an additional 840 shares during the period. Morgan Stanley raised its holdings in Banco de Chile by 10.0% during the 3rd quarter. Morgan Stanley now owns 16,915 shares of the bank’s stock worth $313,000 after purchasing an additional 1,539 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Banco de Chile by 16.8% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 13,925 shares of the bank’s stock worth $212,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 0.89% of the company’s stock.

Banco de Chile stock traded up $0.30 during trading hours on Friday, reaching $19.29. 113,159 shares of the stock were exchanged, compared to its average volume of 125,865. The company has a market cap of $9.74 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 0.87 and a beta of 0.31. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 3.12. Banco de Chile has a twelve month low of $15.60 and a twelve month high of $22.74. The stock has a 50 day moving average of $20.99 and a two-hundred day moving average of $19.60.

Banco de Chile Company Profile (Get Rating)

Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail, Wholesale, and Treasury segments. The company offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, consumer, working capital, syndicated, and installment loans; and credit cards.

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