Banco de Chile (NYSE:BCH) Issues Quarterly Earnings Results

by · The Cerbat Gem

Banco de Chile (NYSE:BCH – Get Free Report) released its earnings results on Tuesday. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03), Yahoo Finance reports. Banco de Chile had a return on equity of 22.72% and a net margin of 28.99%. The business had revenue of $980.10 million for the quarter, compared to the consensus estimate of $796.96 million.

Banco de Chile Stock Down 0.7 %

Shares of NYSE:BCH opened at $23.51 on Thursday. The company has a fifty day moving average of $24.71 and a 200-day moving average of $23.87. The company has a market capitalization of $11.87 billion, a PE ratio of 7.91 and a beta of 0.40. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.47 and a current ratio of 1.47. Banco de Chile has a 52-week low of $20.14 and a 52-week high of $25.97.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Banco de Chile from a “sell” rating to a “hold” rating in a research note on Friday, July 19th.

Get Our Latest Stock Report on BCH

About Banco de Chile

(Get Free Report)

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.

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