Banco de Chile (NYSE:BCH) Issues Earnings Results

Banco de Chile (NYSE:BCH) released its quarterly earnings data on Tuesday. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03), Yahoo Finance reports. Banco de Chile had a return on equity of 22.72% and a net margin of 28.99%.

Banco de Chile Stock Down 0.1 %

Shares of NYSE:BCH traded down $0.03 during midday trading on Wednesday, hitting $23.64. 6,363 shares of the stock were exchanged, compared to its average volume of 190,121. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.47 and a current ratio of 1.47. Banco de Chile has a 52-week low of $20.14 and a 52-week high of $25.97. The business’s fifty day simple moving average is $24.75 and its two-hundred day simple moving average is $23.87. The company has a market capitalization of $11.94 billion, a PE ratio of 7.95 and a beta of 0.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Banco de Chile from a “sell” rating to a “hold” rating in a research report on Friday, July 19th.

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.