4,140 Shares in Banco de Chile (NYSE:BCH) Bought by R Squared Ltd

R Squared Ltd acquired a new stake in shares of Banco de Chile (NYSE:BCH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,140 shares of the bank’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BCH. Matthews International Capital Management LLC bought a new stake in shares of Banco de Chile during the 4th quarter worth approximately $400,000. Blue Trust Inc. lifted its stake in shares of Banco de Chile by 39.8% during the 4th quarter. Blue Trust Inc. now owns 15,574 shares of the bank’s stock worth $353,000 after purchasing an additional 4,434 shares during the last quarter. Barclays PLC boosted its holdings in shares of Banco de Chile by 81.8% in the 3rd quarter. Barclays PLC now owns 11,151 shares of the bank’s stock valued at $282,000 after buying an additional 5,016 shares in the last quarter. XTX Topco Ltd acquired a new stake in Banco de Chile in the third quarter valued at approximately $333,000. Finally, State Street Corp boosted its position in shares of Banco de Chile by 293.4% in the 3rd quarter. State Street Corp now owns 128,448 shares of the bank’s stock worth $3,251,000 after purchasing an additional 95,797 shares in the last quarter. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their target price on shares of Banco de Chile from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th.

Banco de Chile Stock Up 2.4 %

BCH stock opened at $24.83 on Friday. The company has a market capitalization of $12.54 billion, a P/E ratio of 8.90 and a beta of 0.44. Banco de Chile has a 12 month low of $20.93 and a 12 month high of $25.97. The firm’s fifty day simple moving average is $23.15 and its 200-day simple moving average is $23.86. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.52.

Banco de Chile (NYSE:BCH) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03). Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. The company had revenue of $980.10 million for the quarter, compared to analysts’ expectations of $796.96 million. As a group, equities research analysts forecast that Banco de Chile will post 2.5 earnings per share for the current year.

Banco de Chile 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.