Banco de Chile (NYSE:BCH) Short Interest Down 5.2% in October

Banco de Chile (NYSE:BCH) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 284,800 shares, a decrease of 5.2% from the October 15th total of 300,300 shares. Based on an average trading volume of 161,000 shares, the days-to-cover ratio is currently 1.8 days.

Banco de Chile Price Performance

Shares of NYSE:BCH opened at $23.13 on Tuesday. Banco de Chile has a 52-week low of $20.93 and a 52-week high of $25.97. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.52. The stock’s 50-day simple moving average is $24.21 and its two-hundred day simple moving average is $23.98.

Banco de Chile (NYSE:BCH) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03). Banco de Chile had a return on equity of 22.69% and a net margin of 30.00%. The business had revenue of $980.10 million during the quarter, compared to analysts’ expectations of $796.96 million. As a group, equities analysts forecast that Banco de Chile will post 2.51 earnings per share for the current year.

Institutional Investors Weigh In On Banco de Chile

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in Banco de Chile during the third quarter valued at about $36,000. Vanguard Personalized Indexing Management LLC increased its holdings in Banco de Chile by 31.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank’s stock worth $351,000 after acquiring an additional 3,730 shares in the last quarter. Blue Trust Inc. raised its stake in Banco de Chile by 69.7% during the 3rd quarter. Blue Trust Inc. now owns 11,140 shares of the bank’s stock worth $282,000 after acquiring an additional 4,576 shares during the period. Barclays PLC lifted its holdings in Banco de Chile by 81.8% during the third quarter. Barclays PLC now owns 11,151 shares of the bank’s stock valued at $282,000 after purchasing an additional 5,016 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Banco de Chile by 21.1% in the first quarter. Advisors Asset Management Inc. now owns 44,380 shares of the bank’s stock worth $988,000 after purchasing an additional 7,719 shares during the period. 1.24% of the stock is currently owned by hedge funds and other institutional investors.

Banco de Chile Company Profile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.