Banco de Chile (NYSE:BCH) Cut to Sell at StockNews.com

StockNews.com cut shares of Banco de Chile (NYSE:BCH) from a hold rating to a sell rating in a research note published on Thursday morning.

Separately, JPMorgan Chase & Co. increased their price target on Banco de Chile from $20.00 to $21.00 and gave the company a neutral rating in a research report on Tuesday, April 16th.

Banco de Chile Price Performance

Shares of BCH opened at $24.38 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.97. The stock has a 50 day moving average of $23.50 and a 200 day moving average of $22.84. Banco de Chile has a 12 month low of $19.20 and a 12 month high of $24.79.

Banco de Chile (NYSE:BCH) last issued 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 company had revenue of $824.83 million during the quarter, compared to the consensus estimate of $818.94 million. Banco de Chile had a return on equity of 23.65% and a net margin of 29.41%. As a group, analysts expect that Banco de Chile will post 2.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco de Chile

Large investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Banco de Chile by 569.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,279 shares of the bank’s stock worth $28,000 after acquiring an additional 1,088 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Banco de Chile by 163.9% in the fourth quarter. Parallel Advisors LLC now owns 1,581 shares of the bank’s stock worth $36,000 after acquiring an additional 982 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Banco de Chile by 335.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,918 shares of the bank’s stock worth $44,000 after acquiring an additional 1,478 shares during the period. Blue Trust Inc. boosted its holdings in shares of Banco de Chile by 737.6% in the fourth quarter. Blue Trust Inc. now owns 2,697 shares of the bank’s stock worth $62,000 after acquiring an additional 2,375 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Banco de Chile by 68.1% in the fourth quarter. Quadrant Capital Group LLC now owns 7,710 shares of the bank’s stock worth $178,000 after acquiring an additional 3,123 shares during the period. 1.24% of the stock is owned by institutional investors.

Banco de Chile Company Profile

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.