Whittier Trust Co. acquired a new stake in Banco de Chile (NYSE: BCHget rating) in the first quarter, based on its most recent filing with the SEC. The fund purchased 10,735 shares of the bank, valued at approximately $230,000.

Several other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Banco de Chile shares by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 590,351 shares of the bank valued at $9,281,000 after purchasing an additional 22,056 shares last quarter. Itaú Unibanco Holding SA acquired a new position in shares of Banco de Chile during the 4th quarter valued at $7,571,000. Veriti Management LLC increased its position in Banco de Chile shares by 13.7% during the 1st quarter. Veriti Management LLC now owns 69,365 shares of the bank valued at $1,487,000 after purchasing an additional 8,346 shares last quarter. Investors Research Corp increased its position in Banco de Chile shares by 18.7% during the 1st quarter. Investors Research Corp now owns 48,025 shares of the bank valued at $1,029,000 after buying an additional 7,550 shares last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Banco de Chile shares by 16.8% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 13,925 shares of the bank valued at $212,000 after buying an additional 2,000 shares last quarter. Currently, 0.89% of the shares are owned by hedge funds and other institutional investors.

Profitability of the Banco de Chile share

Banco de Chile shares opened at $18.35 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53, and a debt-to-equity ratio of 3.12. The company has a market capitalization of $9.27 billion, a PE ratio of 6.58, a P/E/E ratio of 0.80, and a beta of 0.37. The firm has a fifty day simple moving average of $19.05 and a two hundred day simple moving average of $20.00. Banco de Chile has a twelve-month minimum of $15.60 and a twelve-month maximum of $22.74.

Chile bank (NYSE: BCHget rating) last published its quarterly earnings results on Friday, April 29. The bank reported earnings of $0.69 per share for the quarter, beating the consensus estimate of $0.60 by $0.09. The business had revenue of $560.31 million during the quarter, compared to the consensus estimate of $742.05 million. Banco de Chile had a net margin of 40.44% and a return on equity of 26.29%. Research analysts expect Banco de Chile to post 2.31 EPS for the current year.

Wall Street analysts forecast growth

Several research analysts have recently commented on BCH stock. Grupo Santander upgraded Banco de Chile’s shares from a “neutral” rating to an “outperform” rating and set a $25.00 price target for the company in a research report on Thursday, May 19. Itaú Unibanco downgraded Banco de Chile’s shares from an “outperform” rating to a “market return” rating and set a $22.00 price target for the company. in a report on Tuesday, June 7. StockNews.com downgraded Banco de Chile’s shares from a “buy” rating to a “hold” rating in a report on Wednesday. Scotiabank upgraded Banco de Chile’s shares from a “sector performance” rating to an “outperform” rating in a report on Wednesday, April 13. Finally, Itaú BBA Securities downgraded Banco de Chile’s shares from an “outperform” rating to a “market performance” rating and set a $22.00 target price for the company. in a report on Tuesday, June 7. Four research analysts rated the stock a hold rating and four issued a buy rating on the stock. According to data from MarketBeat.com, the company currently has an average “Moderate Buy” rating and an average price target of $23.67.

Banco de Chile Company Profile

(get rating)

Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through the Retail Banking, Wholesale Banking and Treasury and Money Market segments. The company offers deposit products, such as current accounts, current accounts, sight accounts and deposits, savings accounts and term deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.

Other readings

Want to see what other hedge funds have BCH? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Banco de Chile (NYSE: BCHget rating).

Institutional Participation by Quarter for Banco de Chile (NYSE:BCH)



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