Eqis Capital Management Inc. raised its position in shares of Banco De Chile (NYSE:BCH) by 68.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,020 shares of the bank’s stock after buying an additional 3,259 shares during the period. Eqis Capital Management Inc.’s holdings in Banco De Chile were worth $625,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of BCH. Dimensional Fund Advisors LP increased its stake in shares of Banco De Chile by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 198,029 shares of the bank’s stock worth $13,953,000 after buying an additional 1,026 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Banco De Chile by 6.2% in the first quarter. Capstone Asset Management Co. now owns 12,253 shares of the bank’s stock worth $884,000 after buying an additional 720 shares during the last quarter. Gilman Hill Asset Management LLC increased its stake in shares of Banco De Chile by 36.8% in the first quarter. Gilman Hill Asset Management LLC now owns 7,077 shares of the bank’s stock worth $511,000 after buying an additional 1,904 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Banco De Chile during the first quarter worth approximately $235,000. Finally, Comerica Bank increased its stake in shares of Banco De Chile by 12.0% in the fourth quarter. Comerica Bank now owns 9,223 shares of the bank’s stock worth $658,000 after buying an additional 987 shares during the last quarter. 1.86% of the stock is owned by institutional investors.
Shares of Banco De Chile (BCH) opened at 84.6889 on Thursday. The firm has a 50-day moving average price of $79.54 and a 200-day moving average price of $74.80. The stock has a market capitalization of $13.78 billion, a P/E ratio of 15.6831 and a beta of 0.38. Banco De Chile has a 52-week low of $64.66 and a 52-week high of $87.12.
Banco De Chile (NYSE:BCH) last released its quarterly earnings results on Monday, May 8th. The bank reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.36 by $0.06. The firm had revenue of $640.30 million for the quarter. Banco De Chile had a net margin of 24.00% and a return on equity of 18.89%. On average, analysts predict that Banco De Chile will post $5.36 EPS for the current year.
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BCH has been the subject of a number of research analyst reports. Zacks Investment Research raised Banco De Chile from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Wednesday, March 22nd. Credit Suisse Group set a $73.00 target price on Banco De Chile and gave the stock a “hold” rating in a research report on Wednesday, April 12th. Finally, BidaskClub raised Banco De Chile from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Banco De Chile currently has an average rating of “Buy” and a consensus price target of $81.00.
About Banco De Chile
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