Banco de Chile (NYSE:BCH) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $91.50.
Several research firms have issued reports on BCH. Zacks Investment Research lowered Banco de Chile from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded Banco de Chile from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 13th. Deutsche Bank lowered Banco de Chile from a “hold” rating to a “sell” rating and set a $91.00 price objective on the stock. in a research note on Wednesday, January 24th. Bank of America lowered Banco de Chile from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 18th. Finally, Credit Suisse Group restated a “hold” rating on shares of Banco de Chile in a research note on Friday, December 22nd.
Shares of BCH stock traded up $0.50 during midday trading on Thursday, reaching $101.92. The company had a trading volume of 38,696 shares, compared to its average volume of 42,162. Banco de Chile has a 1 year low of $71.45 and a 1 year high of $106.50. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.47. The firm has a market capitalization of $16,940.60, a PE ratio of 18.85, a PEG ratio of 1.08 and a beta of 0.43.
The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 29th will be paid a $3.0988 dividend. This is a positive change from Banco de Chile’s previous annual dividend of $1.76. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a yield of 3.06%.
A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its stake in Banco de Chile by 483.6% in the fourth quarter. Millennium Management LLC now owns 18,261 shares of the bank’s stock valued at $1,763,000 after buying an additional 15,132 shares during the period. Deutsche Bank AG raised its stake in Banco de Chile by 167.8% in the fourth quarter. Deutsche Bank AG now owns 60,991 shares of the bank’s stock valued at $5,886,000 after buying an additional 38,212 shares during the period. Renaissance Technologies LLC raised its stake in Banco de Chile by 1.6% in the fourth quarter. Renaissance Technologies LLC now owns 614,740 shares of the bank’s stock valued at $59,341,000 after buying an additional 9,388 shares during the period. Invictus RG bought a new position in shares of Banco de Chile during the fourth quarter worth approximately $1,522,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Banco de Chile during the fourth quarter worth approximately $3,548,000. Hedge funds and other institutional investors own 1.30% of the company’s stock.
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About Banco de Chile
Banco de Chile is a full service financial institution, which is engaged in providing credit and non-credit products and services in Chile. The Bank offers a range of banking services to its customers, ranging from individuals to corporations. The Bank’s segments include Retail, which focuses on individuals and small and medium-sized companies, where the product offering focuses on consumer loans, commercial loans, checking accounts, credit cards, credit lines and mortgage loans; Wholesale, which focuses on corporate clients and companies, where the product offering focuses on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts and leases; Treasury, which includes the associated revenues to the management of the investment portfolio and the business of financial transactions and currency trading, and Subsidiaries, which corresponds to companies and corporations controlled by the Bank.
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