Shares of Banco de Chile (NYSE:BCH - Get Free Report) saw unusually-high trading volume on Monday . Approximately 126,212 shares traded hands during mid-day trading, a decline of 36% from the previous session's volume of 198,442 shares.The stock last traded at $23.69 and had previously closed at $23.53.
Banco de Chile Stock Up 0.1 %
The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a 50 day moving average price of $23.61 and a 200-day moving average price of $23.89. The stock has a market capitalization of $11.90 billion, a P/E ratio of 8.44 and a beta of 0.44.
Banco de Chile (NYSE:BCH - Get Free Report) last posted its earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.03). The business had revenue of $980.10 million for the quarter, compared to analysts' expectations of $796.96 million. Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. As a group, research analysts expect that Banco de Chile will post 2.5 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Liontrust Investment Partners LLP purchased a new position in Banco de Chile during the 2nd quarter valued at about $294,000. Walleye Capital LLC bought a new stake in shares of Banco de Chile in the 3rd quarter worth approximately $638,000. Marshall Wace LLP grew its stake in shares of Banco de Chile by 24.3% in the 2nd quarter. Marshall Wace LLP now owns 214,398 shares of the bank's stock worth $4,852,000 after buying an additional 41,894 shares during the last quarter. Baillie Gifford & Co. bought a new position in Banco de Chile during the 2nd quarter valued at approximately $60,462,000. Finally, Blue Trust Inc. raised its stake in Banco de Chile by 629.3% during the second quarter. Blue Trust Inc. now owns 6,564 shares of the bank's stock valued at $146,000 after buying an additional 5,664 shares during the last quarter. Institutional investors own 1.24% of the company's stock.
About Banco de Chile
(
Get Free Report)
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.
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