BCH Down 8.86% in One Month Amid Institutional Share Sales

Itau Unibanco Holding S.A. significantly reduced its stake in Banco De Chile (BCH) in the second quarter of 2025, selling 92,965 shares to cut its holdings by 21.3%. At the end of the reporting period, the fund retained 344,373 shares, representing a 0.07% ownership stake in the bank, valued at approximately $10.48 million. This move comes amid broader institutional activity, with several other investment firms adjusting their positions in the stock.

Robeco Institutional Asset Management B.V. entered the fray in the second quarter with a new $3.45 million stake in Banco De Chile. Meanwhile, Goldman Sachs Group Inc. increased its holdings by 53.8% in the first quarter, bringing its total stake to 216,950 shares, valued at $5.75 million. Bessemer Group Inc. also raised its stake by 16.4% in Q2, now holding 467,468 shares worth $14.22 million.

The institutional ownership concentration in BCH stands at approximately 1.24%, reflecting a mixed landscape of investor sentiment. Other notable investors, including Cubist Systematic Strategies LLC and Triasima Portfolio Management, also increased their holdings in the second quarter, each raising their stakes by over 200%.

Analysts have been increasingly optimistic about BCH’s performance. JPMorgan raised its price target to $33 from $30, while Goldman Sachs lifted its target to $35 from $31. Zacks Research upgraded its rating to “Strong Buy,” the highest rating currently assigned to the stock. These adjustments contributed to a consensus "Moderate Buy" rating with a target price of $34.

Despite this positive analyst sentiment, the stock has underperformed in the short term. On NOV 19 2025, BCH traded at $486, reflecting a 0.27% increase in the past 24 hours and a 1.69% rise in the past week. However, it declined by 8.86% over the previous month, suggesting a mixed performance across timeframes.

BCH is currently valued at a market capitalization of $18.27 billion, with a P/E ratio of 12.92 and a beta of 0.28. The stock is trading below its 52-week high of $37.70 and remains within its 50-day and 200-day moving averages of $32.32 and $30.49, respectively.

The company’s recent earnings report highlighted a shortfall, with the bank reporting earnings per share of $0.60 against an expected $0.62. Revenue of $675.26 million also fell short of the $831.97 million estimate, indicating some short-term challenges in meeting analyst expectations.

Banco De Chile provides a broad range of financial services, including mortgage, consumer, and commercial lending, factoring, investment management, and insurance brokerage. It operates primarily in Chile under the Banco de Chile and Banco Edwards brands.