Equities research analysts expect that Banco De Chile (NYSE:BCH) will report earnings per share of $1.30 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Banco De Chile’s earnings, with estimates ranging from $1.26 to $1.33. Banco De Chile posted earnings per share of $1.79 during the same quarter last year, which indicates a negative year-over-year growth rate of 27.4%. The business is scheduled to issue its next quarterly earnings report on Monday, August 7th.
On average, analysts expect that Banco De Chile will report full-year earnings of $5.26 per share for the current fiscal year, with EPS estimates ranging from $5.12 to $5.41. For the next financial year, analysts anticipate that the firm will post earnings of $5.71 per share, with EPS estimates ranging from $5.48 to $6.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Banco De Chile.
Banco De Chile (NYSE:BCH) last posted its earnings results on Monday, May 8th. The bank reported $1.30 EPS for the quarter, missing the consensus estimate of $1.36 by $0.06. The business had revenue of $640.30 million for the quarter. Banco De Chile had a return on equity of 18.89% and a net margin of 24.00%.
Several brokerages recently issued reports on BCH. BidaskClub upgraded shares of Banco De Chile from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. ValuEngine lowered shares of Banco De Chile from a “buy” rating to a “hold” rating in a research note on Saturday. Credit Suisse Group AG set a $76.00 price target on shares of Banco De Chile and gave the stock a “hold” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research lowered shares of Banco De Chile from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $81.00.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. World Asset Management Inc raised its stake in Banco De Chile by 1.8% in the first quarter. World Asset Management Inc now owns 10,146 shares of the bank’s stock worth $732,000 after buying an additional 181 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Banco De Chile by 0.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,671 shares of the bank’s stock worth $2,285,000 after buying an additional 150 shares in the last quarter. Comerica Bank raised its stake in Banco De Chile by 1.3% in the first quarter. Comerica Bank now owns 9,342 shares of the bank’s stock worth $685,000 after buying an additional 119 shares in the last quarter. US Bancorp DE raised its stake in Banco De Chile by 1.6% in the first quarter. US Bancorp DE now owns 4,947 shares of the bank’s stock worth $357,000 after buying an additional 76 shares in the last quarter. Finally, LSV Asset Management raised its stake in Banco De Chile by 36.7% in the first quarter. LSV Asset Management now owns 3,722 shares of the bank’s stock worth $268,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 1.86% of the company’s stock.
Banco De Chile (NYSE BCH) traded down 0.19% during midday trading on Wednesday, hitting $84.33. 59,894 shares of the stock traded hands. The stock has a market capitalization of $13.72 billion, a P/E ratio of 15.62 and a beta of 0.38. The stock’s 50-day moving average price is $79.77 and its 200-day moving average price is $74.87. Banco De Chile has a 52 week low of $64.66 and a 52 week high of $87.12.
About Banco De Chile
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