Banco de Chile (NYSE:BCH) Rating Lowered to "Sell" at StockNews.com

Banco de Chile (NYSE:BCH - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Wednesday.

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

Banco de Chile Trading Down 1.2 %

Shares of NYSE:BCH traded down $0.31 during mid-day trading on Wednesday, hitting $25.89. The company had a trading volume of 231,125 shares, compared to its average volume of 209,547. The company has a market capitalization of $13.08 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 6.08 and a beta of 0.44. Banco de Chile has a one year low of $20.93 and a one year high of $26.96. The firm has a fifty day moving average price of $24.39 and a 200 day moving average price of $24.21. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52.

Institutional Trading of Banco de Chile

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp grew its holdings in shares of Banco de Chile by 169.5% during the fourth quarter. Mackenzie Financial Corp now owns 29,891 shares of the bank's stock valued at $678,000 after buying an additional 18,800 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Banco de Chile in the 4th quarter valued at about $1,316,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Banco de Chile by 2.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,710 shares of the bank's stock valued at $1,286,000 after purchasing an additional 1,495 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in Banco de Chile during the 4th quarter worth approximately $11,494,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Banco de Chile in the fourth quarter worth approximately $151,000. Institutional investors own 1.24% of the company's stock.

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.