BCH Down 3.27% in 7 Days Amid Institutional Sell-Off and Analyst Revisions

Itau Unibanco Holding S.A. has reduced its stake in Banco de Chile (BCH), signaling a shift in institutional confidence in the regional banking giant. The move comes as BCH shares have declined 3.27% over the past seven days, with a larger drop of 8.28% recorded over the last 30 days. Despite the recent sell-off, the stock has still managed to gain 12.96% over the past year.

The reduction in holdings by Itau follows a flurry of analyst activity, with multiple research firms updating their ratings and price targets. JPMorgan Chase & Co. raised its price target on BCH from $30.00 to $33.00 in late October, assigning the stock a “neutral” rating. Wall Street Zen upgraded the stock from a “sell” to a “hold” in early September, while Goldman Sachs also increased its price objective from $31.00 to $35.00 in mid-November, maintaining a “neutral” stance. Zacks Research was the most bullish, upgrading the stock to a “strong-buy” in late October. Weiss Ratings, meanwhile, reiterated its “hold (c)” rating.

Despite the mixed analyst outlook, BCH is currently rated as a “Moderate Buy” by MarketBeat.com, with a consensus price target of $34.00. Institutional ownership in BCH remains at approximately 1.24%, reflecting continued but cautious exposure from hedge funds and other large investors.

The stock has a market capitalization of $18.27 billion and a beta of 0.28, indicating lower volatility relative to the broader market. Its 50-day simple moving average stands at $32.32, compared to a 200-day average of $30.49. Over the past 52 weeks, BCH has traded between $22.06 and $37.70, with a current share price of $36.18. The firm’s financial metrics include a quick ratio of 1.53, a current ratio of 1.53, and a debt-to-equity ratio of 2.00.

On October 30, 2025, Banco de Chile reported quarterly earnings of $0.60 per share, missing the expected $0.62 consensus estimate. The company reported revenue of $675.26 million, significantly below the $831.97 million forecast by analysts. Despite the earnings shortfall, the bank maintained a strong net margin of 32.87% and a return on equity of 23.25%.

Political developments in Chile have also influenced market sentiment. With the election of a right-wing president seen as likely, investors have been reacting to potential policy shifts. Market analysts suggest that a Kast-led government, if it secures a parliamentary alliance, could spur economic reforms, attract foreign investment, and support the peso. However, the political landscape remains fragmented, with neither major coalition securing a clear congressional majority, adding uncertainty to the short-term outlook.