Banco de Chile (NYSE:BCH) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Banco de Chile (NYSE:BCH) released its earnings results on Tuesday. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.03), Yahoo Finance reports. The business had revenue of $980.10 million during the quarter, compared to analyst estimates of $796.96 million. Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%.

Banco de Chile Stock Up 0.9 %

BCH stock traded up $0.20 during trading on Friday, reaching $23.40. 12,307 shares of the stock traded hands, compared to its average volume of 190,258. The business’s 50 day moving average price is $24.71 and its 200-day moving average price is $23.87. Banco de Chile has a 52-week low of $20.29 and a 52-week high of $25.97. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.47.

Wall Street Analysts Forecast Growth

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

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.