Amundi Pioneer Asset Management Inc. bought a new position in shares of Banco de Chile (NYSE:BCH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,756 shares of the bank’s stock, valued at approximately $3,548,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Aperio Group LLC boosted its stake in Banco de Chile by 1.9% during the fourth quarter. Aperio Group LLC now owns 132,363 shares of the bank’s stock worth $12,777,000 after acquiring an additional 2,474 shares in the last quarter. KBC Group NV bought a new position in shares of Banco de Chile in the fourth quarter valued at $833,000. Northern Trust Corp lifted its stake in shares of Banco de Chile by 4.7% in the second quarter. Northern Trust Corp now owns 39,397 shares of the bank’s stock valued at $3,069,000 after buying an additional 1,785 shares in the last quarter. Gilman Hill Asset Management LLC lifted its stake in shares of Banco de Chile by 15.2% in the fourth quarter. Gilman Hill Asset Management LLC now owns 8,814 shares of the bank’s stock valued at $851,000 after buying an additional 1,160 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Banco de Chile by 10.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 42,670 shares of the bank’s stock valued at $3,891,000 after buying an additional 3,923 shares in the last quarter. 1.30% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Bank of America lowered shares of Banco de Chile from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 18th. ValuEngine raised shares of Banco de Chile from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 13th. Zacks Investment Research raised shares of Banco de Chile from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Deutsche Bank lowered shares of Banco de Chile from a “hold” rating to a “sell” rating and set a $91.00 price objective on the stock. in a research note on Wednesday, January 24th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Banco de Chile in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $93.25.
Shares of BCH stock opened at $98.75 on Friday. The company has a market cap of $16,947.28, a PE ratio of 18.76, a PEG ratio of 1.08 and a beta of 0.43. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.47. Banco de Chile has a 1-year low of $71.45 and a 1-year high of $106.50.
Banco de Chile (NYSE:BCH) last announced its earnings results on Friday, February 2nd. The bank reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.01. The company had revenue of $705.70 million during the quarter, compared to the consensus estimate of $725.81 million. Banco de Chile had a net margin of 24.77% and a return on equity of 19.47%. sell-side analysts expect that Banco de Chile will post 6.09 EPS for the current year.
The company also recently announced an annual dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 29th will be issued a $3.0988 dividend. The ex-dividend date is Wednesday, March 28th. This represents a dividend yield of 3.06%. This is an increase from Banco de Chile’s previous annual dividend of $1.76.
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About Banco de Chile
Banco de Chile is a full service financial institution, which is engaged in providing credit and non-credit products and services in Chile. The Bank offers a range of banking services to its customers, ranging from individuals to corporations. The Bank’s segments include Retail, which focuses on individuals and small and medium-sized companies, where the product offering focuses on consumer loans, commercial loans, checking accounts, credit cards, credit lines and mortgage loans; Wholesale, which focuses on corporate clients and companies, where the product offering focuses on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts and leases; Treasury, which includes the associated revenues to the management of the investment portfolio and the business of financial transactions and currency trading, and Subsidiaries, which corresponds to companies and corporations controlled by the Bank.
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