Truffle Hound Capital LLC Makes New Investment in Banco de Chile (NYSE:BCH)

Truffle Hound Capital LLC bought a new stake in Banco de Chile (NYSE:BCH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 200,000 shares of the bank's stock, valued at approximately $4,536,000. Banco de Chile accounts for about 1.6% of Truffle Hound Capital LLC's investment portfolio, making the stock its 20th biggest holding.

A number of other large investors also recently bought and sold shares of BCH. Signaturefd LLC raised its stake in shares of Banco de Chile by 14.5% during the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after purchasing an additional 493 shares during the period. R Squared Ltd bought a new stake in shares of Banco de Chile in the 4th quarter valued at approximately $94,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Banco de Chile by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock worth $100,000 after buying an additional 1,291 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of Banco de Chile during the third quarter valued at approximately $261,000. Finally, Barclays PLC increased its position in Banco de Chile by 81.8% in the third quarter. Barclays PLC now owns 11,151 shares of the bank's stock worth $282,000 after buying an additional 5,016 shares during the period. Hedge funds and other institutional investors own 1.24% of the company's stock.

Analyst Upgrades and Downgrades

BCH has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Banco de Chile from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. StockNews.com cut shares of Banco de Chile from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th.

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Banco de Chile Stock Performance

Shares of NYSE BCH traded down $0.03 during trading hours on Wednesday, reaching $27.05. The stock had a trading volume of 129,012 shares, compared to its average volume of 215,998. The business's fifty day moving average is $26.03 and its two-hundred day moving average is $24.47. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 6.08 and a beta of 0.39. Banco de Chile has a twelve month low of $21.19 and a twelve month high of $28.64. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52.

Banco de Chile Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 21st will be given a dividend of $2.1037 per share. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, March 21st. Banco de Chile's payout ratio is 53.78%.

About Banco de Chile

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.