Banco de Chile (NYSE:BCH) Announces Earnings Results, Misses Expectations By $0.03 EPS

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

Banco de Chile Trading Up 0.3 %

Shares of NYSE BCH traded up $0.08 during midday trading on Friday, hitting $23.28. The company’s stock had a trading volume of 14,791 shares, compared to its average volume of 190,279. The company has a current ratio of 1.52, a quick ratio of 1.47 and a debt-to-equity ratio of 1.99. Banco de Chile has a 1-year low of $20.29 and a 1-year high of $25.97. The firm’s fifty day moving average price is $24.71 and its 200-day moving average price is $23.87.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Banco de Chile from a “sell” rating to a “hold” rating in a research report on Friday, July 19th.

About Banco de Chile

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.