Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in shares of Banco de Chile (NYSE:BCH – Get Rating) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,000 shares of the bank's stock after selling 2,000 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Banco de Chile were worth $177,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Banco de Chile in the second quarter worth about $120,000. Atlas Capital Advisors LLC acquired a new stake in shares of Banco de Chile in the second quarter worth about $136,000. Advisors Asset Management Inc. acquired a new stake in shares of Banco de Chile in the second quarter worth about $148,000. WINTON GROUP Ltd acquired a new stake in shares of Banco de Chile in the second quarter worth about $254,000. Finally, Ethic Inc. acquired a new stake in shares of Banco de Chile in the first quarter worth about $297,000. Institutional investors and hedge funds own 0.99% of the company's stock.
Get Banco de Chile alerts:Banco de Chile Trading Up 1.0 %
Shares of BCH opened at $20.82 on Friday. Banco de Chile has a 12-month low of $15.64 and a 12-month high of $22.74. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 3.02. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 5.67, a P/E/G ratio of 1.04 and a beta of 0.40. The stock's 50-day moving average price is $18.90 and its 200 day moving average price is $18.64.
Banco de Chile (NYSE:BCH – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. Banco de Chile had a return on equity of 35.03% and a net margin of 52.75%. The firm had revenue of $536.18 million for the quarter, compared to analyst estimates of $794.85 million. As a group, research analysts predict that Banco de Chile will post 2.99 earnings per share for the current year.Wall Street Analyst Weigh In
A number of brokerages have weighed in on BCH. StockNews.com cut Banco de Chile from a "buy" rating to a "hold" rating in a research report on Monday, October 31st. Scotiabank lowered Banco de Chile from a "sector outperform" rating to a "sector perform" rating in a research note on Wednesday, October 26th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $23.00.
About Banco de Chile
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Banco de Chile SA engages in the provision of banking services. It operates through the following segments: Retail, Wholesale, Treasury, and Subsidiaries. The Retail segment consists of consumer loans, commercial loans, checking accounts, credit cards, credit lines, and mortgage loans. The Wholesale segment includes corporate clients and large companies where the product offering focuses on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts, and leases.
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