Banco de Chile (NYSE:BCH) Reaches New 1-Year High - Should You Buy?

Shares of Banco de Chile (NYSE:BCH - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $25.97 and last traded at $25.92, with a volume of 29482 shares changing hands. The stock had previously closed at $25.74.

Analyst Ratings Changes

BCH has been the subject of several recent analyst reports. StockNews.com raised Banco de Chile from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. JPMorgan Chase & Co. boosted their price objective on Banco de Chile from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, January 24th.

Banco de Chile Stock Up 0.2 %

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.99. The company has a 50-day simple moving average of $23.68 and a two-hundred day simple moving average of $23.98. The stock has a market cap of $13.27 billion, a P/E ratio of 9.41 and a beta of 0.44.

Institutional Trading of Banco de Chile

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. grew its stake in Banco de Chile by 23.6% in the fourth quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank's stock worth $73,401,000 after purchasing an additional 618,891 shares during the period. Renaissance Technologies LLC grew its stake in shares of Banco de Chile by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,335,194 shares of the bank's stock worth $30,282,000 after acquiring an additional 29,300 shares during the period. FMR LLC grew its position in Banco de Chile by 1.8% during the third quarter. FMR LLC now owns 858,889 shares of the bank's stock valued at $21,738,000 after buying an additional 15,312 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Banco de Chile by 1.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank's stock worth $12,029,000 after purchasing an additional 7,749 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Banco de Chile by 36.2% in the fourth quarter. Marshall Wace LLP now owns 440,004 shares of the bank's stock worth $9,979,000 after purchasing an additional 117,045 shares during the period. 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.