Banco de Chile (BCH) Holdings Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its position in shares of Banco de Chile (NYSE:BCH) by 22.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,252 shares of the bank’s stock after selling 2,448 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Banco de Chile were worth $797,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BCH. Schwab Charles Investment Management Inc. increased its position in Banco de Chile by 20.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 38,747 shares of the bank’s stock valued at $3,020,000 after purchasing an additional 6,448 shares during the period. Northern Trust Corp increased its position in Banco de Chile by 4.7% during the 2nd quarter. Northern Trust Corp now owns 39,397 shares of the bank’s stock valued at $3,069,000 after purchasing an additional 1,785 shares during the period. Parametric Portfolio Associates LLC increased its position in Banco de Chile by 4.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 49,043 shares of the bank’s stock valued at $3,822,000 after purchasing an additional 2,044 shares during the period. Dimensional Fund Advisors LP increased its position in Banco de Chile by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 194,599 shares of the bank’s stock valued at $15,165,000 after purchasing an additional 775 shares during the period. Finally, Stifel Financial Corp increased its position in Banco de Chile by 4.5% during the 2nd quarter. Stifel Financial Corp now owns 9,100 shares of the bank’s stock valued at $706,000 after purchasing an additional 391 shares during the period. 1.40% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. ValuEngine downgraded shares of Banco de Chile from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research raised shares of Banco de Chile from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Deutsche Bank downgraded shares of Banco de Chile from a “hold” rating to a “sell” rating and set a $91.00 target price for the company. in a research report on Wednesday, January 24th. Scotiabank downgraded shares of Banco de Chile from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, October 24th. Finally, Bank of America downgraded shares of Banco de Chile from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $89.25.

Shares of Banco de Chile (NYSE BCH) opened at $102.00 on Friday. The company has a market cap of $17,044.20, a P/E ratio of 18.87, a PEG ratio of 1.07 and a beta of 0.45. Banco de Chile has a 52-week low of $67.68 and a 52-week high of $106.50. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 2.47.

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Banco de Chile Company Profile

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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Institutional Ownership by Quarter for Banco de Chile (NYSE:BCH)

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