BCH Drops 0.27% Amid Leadership Shift and Mixed Analyst Outlook

Banco de Chile (BCH) reported a 0.27% decline in its stock price over the past 24 hours, closing at $592.6 as of January 25, 2026. Despite the recent pullback, the stock has gained 3.28% over the past seven days, while maintaining a negative performance of -1.25% both over the past month and the past year. This performance has occurred alongside a major leadership transition at the bank, which could influence investor sentiment and strategic direction.

Leadership Transition and Governance Changes

On January 21, 2026, Banco de Chile announced that Francisco Pérez Mackenna, its director and vice-chairman, had tendered his resignation. His departure, effective January 31, 2026, was formally accepted by the board, which also recognized his contributions to the bank’s development. The board simultaneously approved the appointment of Óscar Hasbún Martínez as a new director, effective February 1, 2026, to serve until the next ordinary shareholders’ meeting. In addition, Jean-Paul Luksic Fontbona, an existing director, was named vice-chairman from the same date.

This leadership refresh is described as a planned and orderly shift in the bank’s top governance roles. While it is intended to maintain continuity in leadership, the changes may affect the strategic oversight of the bank as it moves forward.

Institutional Ownership and Market Sentiment

Aubrey Capital Management Ltd. acquired a new position in Banco de Chile during the third quarter of 2025, purchasing 40,500 shares valued at approximately $1.23 million. Other institutional investors, including TT International, also made significant investments in the bank, with total institutional ownership reported at around 1.24%. This activity highlights continued institutional interest in the stock, despite diverging analyst opinions.

Analyst Ratings and Price Forecasts

Recent analyst ratings show a mixed outlook for BCH. MarketBeat reports a consensus rating of "Reduce" with a $36.00 price target following downgrades from major firms like Goldman Sachs, which moved its rating to "Sell." JPMorgan, however, has maintained a "Neutral" rating with a $36.00 price target. Weiss Ratings reaffirmed a "Hold (C)" rating in October 2025, and Zacks Research downgraded from "Strong Buy" to "Hold" in December. These divergences suggest uncertainty about the stock’s near-term prospects.

Technical and Fundamental Outlook

BCH currently trades with a market capitalization of $20.19 billion and a P/E ratio of 14.85. The stock is near its 52-week high of $41.85, but analysts remain cautious about overbought conditions. Despite strong fundamental metrics—such as a 3.78% dividend yield and a 23.25% return on equity—high leverage and mixed technical indicators temper bullish sentiment.

The stock’s recent performance, including a -0.27% daily decline, reflects ongoing uncertainty among investors. With institutional ownership rising and governance undergoing a strategic shift, the coming quarters will be crucial in determining whether BCH can stabilize its trajectory and regain investor confidence.