Stocks of Banco de Chile (NYSE:BCH) traded higher last session on Wall Street, up 2.23% to $21.12.
According to the data, Banco de Chile (NYSE:BCH) has 13 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $27.86 and a low of $19.00, we find $22.90. Given the previous closing price of $20.66, this indicates a potential upside of 10.84 percent. BCH stock price is now 8.84% away from the 50-day moving average and 10.17% away from the 200-day moving average. The market capitalization of the company currently stands at $10.40B.
A total of 8 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $22.85 as their price target over the next twelve months.
, while ‘Itau BBA’ rates the stock as ‘Market Perform’.
A total of 87.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BCH stock. A new stake in Banco de Chile shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $3,876,000. INVESCO LTD. invested $903,000 in shares of BCH during the first quarter. In the first quarter, VERITI MANAGEMENT LLC acquired a new stake in Banco de Chile valued at approximately $689,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in BCH for approximately $499,000. PRELUDE CAPITAL MANAGEMENT, LLC purchased a new stake in BCH valued at around $331,000 in the second quarter. In total, there are 100 active investors with 1.10% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $20.78 for Banco de Chile (NYSE: BCH). During the past 12 months, Banco de Chile has had a low of $15.64 and a high of $22.74. The fifty day moving average price for BCH is $19.44 and a two-hundred day moving average price translates $19.17 for the stock.
The latest earnings results from Banco de Chile (NYSE: BCH) was released for Jun, 2022. The net profit margin was 53.50% and return on equity was 27.20% for BCH. For the current quarter, analysts expect BCH to generate $794.57M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/07/2022. Investors who held shares on 03/25/2022 were paid a $1.3687484 dividend. On an annualized basis, this represents a $1.96 dividend and a 9.28% percent yield. There was an ex-dividend date of 03/24/2022 for this dividend.
Banco de Chile(BCH) Company Profile
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail Banking, Wholesale Banking, and Treasury and Money Market segments. The company offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, consumer, working capital, syndicated, and installment loans; and credit cards. It also provides leasing, factoring, and foreign trade services; international and treasury banking services; and financial advisory services. In addition, the company offers liquidity management services, debt instruments, and derivative contracts and leases, as well as financial transaction and currency trading services; and securities brokerage, mutual funds management, wholesale customer, investment banking and management, and insurance brokerage services. As of December 31, 2021, it operated through a network of 272 branches and 1,761 ATMs. The company serves individuals, small and medium-sized companies, corporate clients, and large companies. Banco de Chile was founded in 1893 and is headquartered in Santiago, Chile.