Naples Global Advisors LLC Boosts Position in Banco De Chile (NYSE:BCH)

Naples Global Advisors LLC increased its stake in Banco De Chile (NYSE:BCH) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,295 shares of the bank’s stock after buying an additional 90 shares during the period. Naples Global Advisors LLC’s holdings in Banco De Chile were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BCH. Dimensional Fund Advisors LP boosted 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 valued at $13,953,000 after buying an additional 1,026 shares during the last quarter. Capstone Asset Management Co. boosted 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 valued at $884,000 after buying an additional 720 shares during the last quarter. Gilman Hill Asset Management LLC boosted 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 valued at $511,000 after buying an additional 1,904 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Banco De Chile during the first quarter valued at approximately $235,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Banco De Chile by 0.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,671 shares of the bank’s stock valued at $2,285,000 after buying an additional 150 shares during the last quarter. 1.77% of the stock is currently owned by institutional investors.

Shares of Banco De Chile (NYSE:BCH) traded down 1.41% on Thursday, hitting $85.23. The stock had a trading volume of 35,374 shares. Banco De Chile has a 52 week low of $64.66 and a 52 week high of $87.20. The company has a market cap of $14.24 billion, a PE ratio of 15.78 and a beta of 0.40. The stock’s 50-day moving average price is $82.76 and its 200 day moving average price is $76.29.

Banco De Chile (NYSE:BCH) last posted its quarterly earnings data on Monday, May 8th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by $0.06. The business 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 $5.24 EPS for the current year.

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Several equities research analysts recently commented on BCH shares. BidaskClub cut Banco De Chile from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut Banco De Chile from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. 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, ValuEngine cut Banco De Chile from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $81.00.

Banco De Chile Company Profile