Banco De Chile (NYSE:BCH) Stock Rated “Reduce” by Wall Street Analysts

Banco De Chile (NYSE:BCH) has been assigned a consensus rating of “Reduce” from the five analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $39.67.

Several equities analysts have issued reports on BCH shares. JPMorgan Chase & Co. decreased their price target on shares of Banco De Chile from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, October 6th. Wall Street Zen downgraded shares of Banco De Chile from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Finally, Weiss Ratings lowered shares of Banco De Chile from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 9th.

Institutional Trading of Banco De Chile

A number of institutional investors and hedge funds have recently bought and sold shares of BCH. Marshall Wace LLP lifted its holdings in Banco De Chile by 55.9% during the 3rd quarter. Marshall Wace LLP now owns 517,108 shares of the bank’s stock worth $20,689,000 after buying an additional 185,467 shares during the period. TT International Asset Management LTD increased its stake in shares of Banco De Chile by 2.7% in the third quarter. TT International Asset Management LTD now owns 512,948 shares of the bank’s stock valued at $20,523,000 after buying an additional 13,495 shares during the period. Quantinno Capital Management LP increased its stake in shares of Banco De Chile by 30.6% in the first quarter. Quantinno Capital Management LP now owns 72,354 shares of the bank’s stock valued at $2,680,000 after buying an additional 16,932 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Banco De Chile by 17.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 69,482 shares of the bank’s stock valued at $2,763,000 after buying an additional 10,157 shares during the period. Finally, Advisors Preferred LLC raised its position in shares of Banco De Chile by 278.9% during the first quarter. Advisors Preferred LLC now owns 27,706 shares of the bank’s stock worth $1,026,000 after acquiring an additional 20,393 shares during the last quarter. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco De Chile Trading Up 1.3%

Shares of NYSE:BCH traded up $0.52 during midday trading on Friday, hitting $39.16. 157,564 shares of the stock were exchanged, compared to its average volume of 320,321. The business’s 50-day moving average price is $39.78 and its 200 day moving average price is $39.88. Banco De Chile has a 12 month low of $33.60 and a 12 month high of $46.77. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $19.78 billion, a price-to-earnings ratio of 13.55 and a beta of 0.27.

Banco De Chile Company Profile

Banco de Chile is a Chilean financial institution founded in 1893. Headquartered in Santiago, it serves individuals, businesses and institutions throughout Chile through its banking network and digital channels. The bank provides retail, commercial and corporate banking services, including deposit accounts, consumer and business loans, mortgages, credit cards, payment services and financing for trade. It also offers services such as cash management, investment and treasury solutions. Banco de Chile operates in Chile’s domestic banking market and provides financial services through affiliated businesses in areas including securities brokerage and asset management.