Banco de Chile (NYSE:BCH) released its quarterly earnings data on Monday. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08, Morningstar.com reports. Banco de Chile had a return on equity of 17.11% and a net margin of 23.67%. The business had revenue of $704.80 million for the quarter, compared to the consensus estimate of $717.93 million.
NYSE:BCH traded down $0.24 during trading hours on Thursday, reaching $28.74. The stock had a trading volume of 32,727 shares, compared to its average volume of 37,534. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.39 and a quick ratio of 1.39. Banco de Chile has a 52 week low of $27.04 and a 52 week high of $32.83. The company’s 50 day moving average price is $29.24. The company has a market capitalization of $14.78 billion, a PE ratio of 16.91, a PEG ratio of 1.17 and a beta of 0.42.
A number of research firms have issued reports on BCH. Scotiabank raised Banco de Chile from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 25th. Zacks Investment Research raised Banco de Chile from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Banco de Chile has a consensus rating of “Hold” and an average price target of $55.50.
Banco de Chile Company Profile
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. The company operates through four segments: Retail, Wholesale, Treasury and Money Market Operations, and Subsidiaries. It offers deposit products, such as checking accounts, current accounts, demand deposits, demand accounts, saving accounts, and time deposits; credit cards; installment loans; credit lines; and residential mortgage loans, as well as short and long term financing.
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