BCH Drops 4.76% in 24 Hours Amid Institutional Share Sales

Institutional Investors Reduce Exposure to BCH Amid Mixed Analyst Rationale

Itau Unibanco Holding S.A. has reduced its stake in Banco de Chile (BCH) by 21.3% in the second quarter of 2025. The firm sold 92,965 shares, leaving it with 344,373 shares, representing a 0.07% ownership interest. The reduced holding is valued at approximately $10.48 million. This move contrasts with the actions of several other institutional investors, who increased their stakes in the financial institution during the same period.

Among the notable investors increasing their positions were Robeco Institutional Asset Management B.V., which added a new $3.45 million stake in the second quarter. Goldman Sachs Group Inc. raised its holdings by 53.8% in the first quarter, ending the period with 216,950 shares valued at $5.75 million. Bessemer Group Inc. increased its stake by 16.4%, bringing its total holdings to 467,468 shares valued at $14.22 million.

Cubist Systematic Strategies LLC also significantly raised its position, with a 289.5% increase in the first quarter, owning 86,678 shares valued at $2.3 million. Triasima Portfolio Management inc. boosted its holdings by 227.3% in the second quarter, bringing the total number of shares held to 77,380, valued at $2.35 million.

Collectively, institutional investors and hedge funds own approximately 1.24% of the company’s shares, indicating a mix of confidence and caution among large-scale investors.

Analysts Offer Divergent Views and Revised Price Targets

Analysts have recently provided updated evaluations of BCH, reflecting both optimism and caution. JPMorgan Chase & Co. raised its price target from $30.00 to $33.00 with a "neutral" rating on October 16. Goldman Sachs increased its target to $35.00 with a similar "neutral" rating on November 11. Zacks Research was more bullish, upgrading the stock to a "strong-buy" rating on October 31. Wall Street Zen adjusted from a "sell" to a "hold" on September 20, while Weiss Ratings maintained a "hold (c)" rating on October 8.

The consensus from the market research community is a "Moderate Buy" rating, with an average target price of $34.00. One analyst has assigned a "Strong Buy" rating, while three have given "Hold" ratings.

BCH Earnings and Financial Performance

Banco de Chile reported earnings for the quarter ending October 30, 2025, with a profit of $0.60 per share, which fell short of the $0.62 expected by analysts. The bank recorded quarterly revenue of $675.26 million, below the projected $831.97 million. Despite this, the company maintained a strong net margin of 32.87% and a return on equity of 23.25%.

Looking ahead, analysts project an EPS of $2.31 for the current fiscal year. The stock currently trades with a market capitalization of $18.27 billion, a P/E ratio of 12.92, and a 50-day moving average of $32.32. The stock’s 52-week range is between $22.06 and $37.70.