Banco de Chile (NYSE:BCH) Stock Crosses Above Two Hundred Day Moving Average of $22.81

Banco de Chile (NYSE:BCH)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.81 and traded as high as $22.92. Banco de Chile shares last traded at $22.58, with a volume of 130,705 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BCH shares. JPMorgan Chase & Co. raised their price target on Banco de Chile from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. StockNews.com upgraded shares of Banco de Chile from a “sell” rating to a “hold” rating in a report on Friday.

Banco de Chile Stock Down 1.1 %

The company has a 50-day moving average price of $23.26 and a 200-day moving average price of $22.81. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.97.

Banco de Chile (NYSE:BCH) last posted its earnings results on Tuesday, April 30th. The bank reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $824.83 million for the quarter, compared to analysts’ expectations 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, research analysts forecast that Banco de Chile will post 2.18 earnings per share for the current year.

Institutional Investors Weigh In On Banco de Chile

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BCH. PNC Financial Services Group Inc. boosted its stake in shares of Banco de Chile by 24.8% during the third quarter. PNC Financial Services Group Inc. now owns 7,926 shares of the bank’s stock worth $160,000 after buying an additional 1,573 shares during the period. FMR LLC grew its stake in Banco de Chile by 30.4% in the 3rd quarter. FMR LLC now owns 418,556 shares of the bank’s stock valued at $8,455,000 after acquiring an additional 97,601 shares during the last quarter. Mariner LLC lifted its holdings in shares of Banco de Chile by 46.1% in the third quarter. Mariner LLC now owns 26,203 shares of the bank’s stock valued at $529,000 after purchasing an additional 8,265 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Banco de Chile by 14.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 11,691 shares of the bank’s stock valued at $236,000 after acquiring an additional 1,449 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in Banco de Chile by 3.2% during the 3rd quarter. Lazard Asset Management LLC now owns 29,450 shares of the bank’s stock worth $594,000 after purchasing an additional 926 shares in the last quarter. Hedge funds and other institutional investors own 1.24% of the company’s stock.

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.