Evergreen Capital Management LLC bought a new position in shares of Banco de Chile (NYSE:BCH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,732 shares of the bank’s stock, valued at approximately $375,000.
Several other institutional investors and hedge funds have also made changes to their positions in BCH. Signaturefd LLC purchased a new position in shares of Banco de Chile during the first quarter worth approximately $129,000. Dean Capital Investments Management LLC purchased a new position in shares of Banco de Chile during the fourth quarter worth approximately $379,000. Alliancebernstein L.P. grew its position in shares of Banco de Chile by 119.2% during the fourth quarter. Alliancebernstein L.P. now owns 5,059 shares of the bank’s stock worth $488,000 after acquiring an additional 2,751 shares during the last quarter. KBC Group NV purchased a new position in shares of Banco de Chile during the fourth quarter worth approximately $833,000. Finally, Gilman Hill Asset Management LLC grew its position in shares of Banco de Chile by 15.2% during the fourth quarter. Gilman Hill Asset Management LLC now owns 8,814 shares of the bank’s stock worth $851,000 after acquiring an additional 1,160 shares during the last quarter. Institutional investors and hedge funds own 1.16% of the company’s stock.
Banco de Chile opened at $92.45 on Wednesday, MarketBeat Ratings reports. Banco de Chile has a 1-year low of $75.78 and a 1-year high of $106.50. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $15.99 billion, a P/E ratio of 17.21, a PEG ratio of 1.01 and a beta of 0.44.
BCH has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Banco de Chile from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. ValuEngine lowered shares of Banco de Chile from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $91.25.
Banco de Chile Profile
Banco de Chile provides various banking products and services to individuals, corporate clients, large companies, and small and medium-sized companies in Chile and internationally. The company operates through four segments: Retail, Wholesale, Treasury, and Subsidiaries. It offers checking accounts; personal, car, and mortgage loans; credit cards; credit lines; and investment products, such as fixed-term, automatic renewal, and tax benefit deposits, as well as stocks, portfolio management, voluntary retirement savings/mutual funds, foreign currency, and fixed income investment products.
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