Banco de Chile (NYSE:BCH – Get Rating) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 358,100 shares, a decline of 79.9% from the December 31st total of 1,780,000 shares. Based on an average trading volume of 179,200 shares, the short-interest ratio is presently 2.0 days.
Institutional Investors Weigh In On Banco de Chile
Several hedge funds have recently bought and sold shares of BCH. Sagil Capital LLP bought a new position in shares of Banco de Chile in the second quarter worth approximately $2,503,000. BlackRock Inc. lifted its stake in shares of Banco de Chile by 80.4% in the third quarter. BlackRock Inc. now owns 256,655 shares of the bank's stock worth $4,536,000 after buying an additional 114,359 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Banco de Chile in the second quarter worth approximately $1,153,000. Millennium Management LLC bought a new position in shares of Banco de Chile in the second quarter worth approximately $1,051,000. Finally, Citadel Advisors LLC lifted its stake in shares of Banco de Chile by 137.7% in the third quarter. Citadel Advisors LLC now owns 89,979 shares of the bank's stock worth $1,590,000 after buying an additional 52,128 shares in the last quarter. Institutional investors own 0.99% of the company's stock.
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Wall Street Analyst Weigh In
BCH has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Banco de Chile from a "buy" rating to a "hold" rating in a report on Monday, October 31st. Scotiabank downgraded shares of Banco de Chile from a "sector outperform" rating to a "sector perform" rating in a report on Wednesday, October 26th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $23.00.
Banco de Chile Stock Up 0.1 %
NYSE:BCH traded up $0.03 during mid-day trading on Thursday, hitting $21.56. 124,437 shares of the company's stock were exchanged, compared to its average volume of 205,190. Banco de Chile has a one year low of $15.64 and a one year high of $22.74. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.52 and a quick ratio of 1.52. The business has a fifty day moving average price of $19.71 and a 200 day moving average price of $18.91. The company has a market cap of $10.89 billion, a PE ratio of 5.87, a P/E/G ratio of 1.40 and a beta of 0.34.
Banco de Chile (NYSE:BCH – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The bank reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Banco de Chile had a net margin of 52.75% and a return on equity of 35.03%. The business had revenue of $536.18 million for the quarter, compared to analyst estimates of $794.85 million. Equities analysts predict that Banco de Chile will post 2.99 EPS for the current year.
About Banco de Chile
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Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail Banking, Wholesale Banking, and Treasury and Money Market segments. The company offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, consumer, working capital, syndicated, and installment loans; and credit cards.
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