BCH Down 3.58% in 7 Days Amid Mixed Analyst Outlook

JPMorgan Chase & Co. has raised its price target for Banco De Chile (BCH) from $33.00 to $36.00 in a note issued to investors. Despite this upward revision, the firm maintains a "neutral" rating on the stock. The updated target price implies a potential 8.71% downside from BCH’s current level.

The move came amid a shifting landscape of analyst sentiment, with several institutions adjusting their positions on the stock. On November 28, Wall Street Zen downgraded the stock from "hold" to "sell." Earlier in October, Weiss Ratings reiterated its "hold (c)" rating, while Goldman Sachs Group also moved to a "sell" rating and set a $36.00 price target. In December, Zacks Research reduced its rating from "strong-buy" to "hold." Collectively, these moves have led to a consensus "Reduce" rating and a shared target price of $36.00 among three analysts.

Analysts have not reached full alignment on BCH’s direction. While JPMorgan’s raised target suggests cautious optimism, others like Wall Street Zen and Goldman Sachs signal more caution. This divergence reflects ongoing uncertainty about the bank’s near-term performance, particularly in light of its recent quarterly earnings miss. In October, Banco De Chile reported quarterly earnings of $0.60 per share, falling short of the $0.62 consensus estimate. Revenue for the quarter came in at $764.93 million, below the $831.97 million projected by analysts.

Institutional activity has also shown recent shifts. TT International Asset Management LTD entered a new position in the third quarter worth $26.96 million, while Qube Research & Technologies Ltd and Marshall Wace LLP significantly increased their holdings. These moves suggest growing interest among institutional investors despite the stock’s recent performance.

BCH’s institutional ownership now stands at 1.24%, with several hedge funds and asset managers holding significant positions. Cubist Systematic Strategies LLC, for example, boosted its stake by 128.4% in the second quarter, adding to a broader trend of strategic positioning in the stock.

Banco De Chile, founded in 1893, remains one of Chile’s most established financial institutions. It operates across retail, commercial, and investment banking and continues to navigate a competitive and regulated market environment. Despite its long history and strong market presence, the stock has experienced a modest decline in the short term, reflecting broader investor caution.

As BCH trades at $595.6 on JAN 17 2026—down 3.58% over the past seven days—investor focus remains on the mixed analyst outlook and the bank’s ability to meet forward-looking expectations. With a consensus earnings estimate of $2.31 per share for the current fiscal year, the path to recovery will depend on performance relative to these targets and the broader economic context.