Banco de Chile (BCH) Outlook Starting To Look Brighter?

Parametric Portfolio Associates L has recently announced that it has increased stake in Banco de Chile (NYSE:BCH) by 19.77%. After grabbing 0.3 million shares, the institutional investor is now in possession of 49367.0 shares of the Financial Company. The new investment brought the stake of investor firm to 0.06% having worth around $5.64 million. Moreover, Schroder Investment Management No increased its share by 5386.0 to have a control over 0.21 million shares. And Arrowstreet Capital LP raised its holdings to 0.18 million shares by acquiring 0.18 million shares or 0.04% of the stake.

Banco de Chile (BCH) concluded trading on 01/12/23 at a closing price of $20.46, with 0.49 million shares of worth about $10.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.80% during that period and on Thursday the price saw a loss of about -0.49%. Currently the company’s common shares owned by public are about 505.08M shares, out of which, 384.32M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 13 analysts are covering the BCH stock and their offered price forecasts bring an average price target of $22.32. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $25.79 and could fall to a lowest price of $19.72. The stock’s current price level is 2.11% above of average price target set by the analysts, while a rise to estimated low would result in loss of -3.75% for the stock. However, touching the estimated high of $25.79 would mean a gain of 20.67% for the stock.

DFA Emerging Markets Core Equity, Fidelity Inv. Trust – Emerging Ma, and DFA Emerging Markets Series are the top 3 mutual funds which are holding stakes in Banco de Chile DFA Emerging Markets Core Equity is currently holding 0.29 million shares of worth totaling $5.47 million. The company recently came buying 0.0 shares which brought its stake up to 0.06% of the company’s outstanding shares. Fidelity Inv. Trust – Emerging Ma bought 15319.0 shares, after which its hold over company’s outstanding shares expand to 0.05%, leaving 0.24 million shares with the mutual fund that have a worth of about $4.45 million. DFA Emerging Markets Series, after selling 0.11 million shares, have now control over 0.02% of the stake in the company. It holds 6229.0 shares of worth $1.99 million.

Banco de Chile (NYSE: BCH) started trading at $20.59, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 20.66, or with a loss of -0.49%. Stock saw a price change of 4.60% in past 5 days and over the past one month there was a price change of 4.98%. Year-to-date (YTD), BCH shares are showing a performance of -1.73% which increased to 11.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.64 but also hit the highest price of $22.74 during that period. The average intraday trading volume for Banco de Chile shares is 167.45K. The stock is currently trading 2.90% above its 20-day simple moving average (SMA20), while that difference is up 6.88% for SMA50 and it goes to 6.59% higher than SMA200.

Parametric Portfolio Associates L acquired 0.3 million shares of Banco de Chile having value of about $5.64 million. Data submitted at the U.S SEC by Parametric Portfolio Associates L revealed that the firm now holds 49367.0 shares in the company valued at close to $1010048.82, or have control over 19.77% stake in the company. Banco de Chile (NYSE: BCH) currently have 505.08M outstanding shares and institutions hold larger chunk of about 1.10% of that. Holding of mutual funds in the company is about 0.26% while other institutional holders and individual stake holders have control over 0.79% and — of the stake respectively.

The stock has a current market capitalization of $10.19B and its 3Y-monthly beta is at 0.36. PE ratio of stock for trailing 12 months is 6.53, while it has posted earnings per share of $3.13 in the same period. Its PEG reads 1.96 while making debt-to-equity ratio of 3.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BCH, volatility over the week remained 1.87% while standing at 2.03% over the month.

Analysts are in expectations that Banco de Chile (BCH) stock would likely to be making an EPS of $0.51 in the current quarter, while forecast for next quarter EPS is $0.45 and it is $1.67 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.84 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.47 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 71.20% while it is estimated to decrease by -40.40% in next year. EPS is likely to shrink at an annualized rate of 3.34% for next 5-years, compared to annual growth of 7.80% made by the stock over the past 5-years.

Analysts at 13 brokerage firms have issued recommendations for the Banco de Chile (BCH)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.90. Out of those 13 Wall Street analysts, 3 recommended a “Buy” rating, while 8 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

On June 07, 2022, Itau BBA Downgrade their recommendations, while on March 02, 2022, Credit Suisse Upgrade their ratings for the stock with a price target of $25. Stock get a Neutral rating from JP Morgan on February 17, 2022.