BCH Price Dips 5.35% in 24 Hours Amid Institutional Share Shifts

Institutional Investors Adjust Positions in Banco de Chile

Institutional investors have recently made notable changes in their holdings of Banco de Chile (BCH). Itau Unibanco Holding S.A. reduced its stake in the bank by 21.3% in the second quarter of 2025, selling 92,965 shares and ending the quarter with 344,373 shares. This represents a 0.07% stake in the company, valued at approximately $10.48 million.

Meanwhile, several other major institutional investors increased their holdings. Robeco Institutional Asset Management B.V. entered the market with a new stake of $3.45 million in the second quarter. Goldman Sachs Group Inc. significantly raised its position by 53.8% in the first quarter, now holding 216,950 shares worth $5.75 million. Bessemer Group Inc. also increased its holdings by 16.4%, and Cubist Systematic Strategies LLC and Triasima Portfolio Management Inc. both expanded their positions by over 200% in the first and second quarters, respectively.

These institutional moves indicate a mixed sentiment in the market, with some investors trimming exposure while others are increasing stakes in the company.

Analysts Raise Price Targets and Ratings

Analyst activity has been active over the past few months, with several firms revising their outlooks for Banco de Chile. JPMorgan Chase & Co. raised its price target from $30.00 to $33.00 on October 16, 2025, maintaining a "neutral" rating. Goldman Sachs Group also increased its target to $35.00 from $31.00 on November 11. Zacks Research gave the company a "strong-buy" rating on October 31, while Weiss Ratings maintained a "hold (c)" rating on October 8.

MarketBeat reports a consensus rating of "Moderate Buy" with a target price of $34.00. Analysts remain divided, with one strong buy recommendation and three hold ratings currently assigned.

Financial Performance and Stock Valuation

Banco de Chile reported earnings of $0.60 per share in the most recent quarter, falling short of the $0.62 consensus estimate. The bank generated $675.26 million in quarterly revenue, below the expected $831.97 million. The company’s net margin was 32.87%, and its return on equity reached 23.25%.

The stock currently trades with a market cap of $18.27 billion, a P/E ratio of 12.92, and a P/E/G ratio of 2.65. The 50-day moving average is $32.32, while the 200-day moving average stands at $30.49. The stock’s 52-week range is between $22.06 and $37.70.

Company Overview and Services

Banco de Chile, through its subsidiaries, operates a broad range of financial services across Chile. These include checking and savings accounts, credit and debit cards, mortgage and consumer loans, insurance brokerage, investment management, and foreign currency services. The company operates under the Banco de Chile and Banco Edwards brands.

The ongoing institutional adjustments and analyst updates reflect evolving perspectives on the company’s market position, though recent earnings results have created some uncertainty among investors.