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

Banco de Chile (NYSE:BCH) released its quarterly earnings data on Tuesday. The bank reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03), Yahoo Finance reports. The business had revenue of $980.10 million during the quarter, compared to analysts’ expectations 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 0.3 %

NYSE:BCH traded up $0.08 during mid-day trading on Friday, reaching $23.28. 14,791 shares of the stock were exchanged, compared to its average volume of 190,279. Banco de Chile has a 1 year low of $20.29 and a 1 year high of $25.97. The company has a 50 day simple moving average of $24.71 and a 200-day simple moving average of $23.87. The company has a current ratio of 1.52, a quick ratio of 1.47 and a debt-to-equity ratio of 1.99.

Analyst Upgrades and Downgrades

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.