Walleye Capital LLC Takes Position in Banco de Chile (NYSE:BCH)

Walleye Capital LLC purchased a new stake in shares of Banco de Chile (NYSE:BCH - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,207 shares of the bank's stock, valued at approximately $638,000.

A number of other hedge funds also recently bought and sold shares of BCH. Baillie Gifford & Co. bought a new stake in Banco de Chile during the 2nd quarter valued at approximately $60,462,000. AQR Capital Management LLC grew its stake in shares of Banco de Chile by 61.5% in the second quarter. AQR Capital Management LLC now owns 243,009 shares of the bank's stock worth $5,499,000 after acquiring an additional 92,532 shares during the last quarter. Marshall Wace LLP increased its position in Banco de Chile by 24.3% during the second quarter. Marshall Wace LLP now owns 214,398 shares of the bank's stock worth $4,852,000 after acquiring an additional 41,894 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Banco de Chile by 8.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 379,938 shares of the bank's stock valued at $9,616,000 after purchasing an additional 28,959 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Banco de Chile by 18,631.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,728 shares of the bank's stock valued at $550,000 after purchasing an additional 21,612 shares during the period. 1.24% of the stock is currently owned by institutional investors.

Banco de Chile Stock Performance

Shares of NYSE:BCH traded down $0.14 on Friday, hitting $23.38. 388,483 shares of the company were exchanged, compared to its average volume of 232,796. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.52 and a current ratio of 1.52. The company's 50 day moving average price is $23.73 and its two-hundred day moving average price is $23.92. Banco de Chile has a one year low of $20.93 and a one year high of $25.97. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 8.38 and a beta of 0.44.

Banco de Chile (NYSE:BCH - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.03). The firm had revenue of $980.10 million during the quarter, compared to analyst estimates of $796.96 million. Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. Research analysts expect that Banco de Chile will post 2.5 earnings per share for the current year.

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.