Raiffeisen Bank International AG Buys Shares of 6,700 Banco de Chile (NYSE:BCH)

Raiffeisen Bank International AG bought a new stake in Banco de Chile (NYSE:BCH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,700 shares of the bank’s stock, valued at approximately $151,000.

A number of other hedge funds also recently added to or reduced their stakes in BCH. Barclays PLC increased its holdings in Banco de Chile by 81.8% in the third quarter. Barclays PLC now owns 11,151 shares of the bank’s stock valued at $282,000 after buying an additional 5,016 shares in the last quarter. Blue Trust Inc. increased its holdings in Banco de Chile by 39.8% in the fourth quarter. Blue Trust Inc. now owns 15,574 shares of the bank’s stock valued at $353,000 after buying an additional 4,434 shares in the last quarter. Matthews International Capital Management LLC purchased a new position in Banco de Chile in the fourth quarter valued at about $400,000. R Squared Ltd purchased a new position in shares of Banco de Chile during the 4th quarter worth approximately $94,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Banco de Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock worth $100,000 after purchasing an additional 1,291 shares in the last quarter. 1.24% of the stock is owned by hedge funds and other institutional investors.

Banco de Chile Trading Down 1.0%

Shares of BCH opened at $31.15 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52. The firm has a 50 day simple moving average of $28.17 and a 200-day simple moving average of $25.52. Banco de Chile has a 1-year low of $22.06 and a 1-year high of $31.84. The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 6.08 and a beta of 0.24.

Banco de Chile Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were paid a dividend of $2.1037 per share. The ex-dividend date was Friday, March 21st. This represents a dividend yield of 5.1%. Banco de Chile’s dividend payout ratio (DPR) is 54.90%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BCH shares. JPMorgan Chase & Co. raised their price objective on shares of Banco de Chile from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. StockNews.com raised shares of Banco de Chile from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd.

About Banco de Chile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.