Hsbc Holdings PLC bought a new position in shares of Banco De Chile (NYSE:BCH – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 23,113 shares of the bank’s stock, valued at approximately $878,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Banco De Chile by 33,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 680 shares of the bank’s stock valued at $26,000 after purchasing an additional 678 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Banco De Chile by 161.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $46,000 after purchasing an additional 929 shares during the period. Smartleaf Asset Management LLC increased its holdings in Banco De Chile by 286.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,722 shares of the bank’s stock worth $66,000 after purchasing an additional 1,276 shares during the period. Tower Research Capital LLC TRC raised its position in Banco De Chile by 2,425.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the bank’s stock valued at $76,000 after purchasing an additional 2,401 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in Banco De Chile during the 4th quarter valued at $100,000. Institutional investors own 1.24% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on BCH shares. UBS Group set a $39.00 target price on Banco De Chile and gave the stock a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings downgraded Banco De Chile from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $37.00.
Banco De Chile Price Performance
NYSE BCH opened at $40.88 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s 50 day moving average price is $38.40 and its 200-day moving average price is $39.60. Banco De Chile has a 52-week low of $27.08 and a 52-week high of $46.77. The company has a market cap of $20.65 billion, a PE ratio of 16.89 and a beta of 0.23.
Banco De Chile (NYSE:BCH – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $0.57 earnings per share (EPS) for the quarter. The company had revenue of $321.27 million for the quarter. Banco De Chile had a net margin of 29.95% and a return on equity of 19.47%. Sell-side analysts forecast that Banco De Chile will post 2.76 EPS for the current fiscal year.
Banco De Chile Company Profile
Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.
The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.
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