Banco de Chile (NYSE:BCH) Stock Passes Above 200 Day Moving Average - Time to Sell?

Banco de Chile (NYSE:BCH - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.52 and traded as high as $26.54. Banco de Chile shares last traded at $26.46, with a volume of 279,141 shares traded.

Analyst Ratings Changes

Several research analysts have commented on BCH shares. StockNews.com downgraded shares of Banco de Chile from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target 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 Trading Down 5.5 %

The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 6.08 and a beta of 0.39. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92. The business's 50 day moving average price is $26.41 and its two-hundred day moving average price is $24.57.

Banco de Chile Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Signaturefd LLC grew its position in Banco de Chile by 14.5% during the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock worth $89,000 after acquiring an additional 493 shares during the last quarter. R Squared Ltd bought a new stake in shares of Banco de Chile during the fourth quarter worth about $94,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Banco de Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock worth $100,000 after purchasing an additional 1,291 shares during the last quarter. Atlas Capital Advisors Inc. increased its stake in shares of Banco de Chile by 30.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock valued at $143,000 after buying an additional 1,487 shares during the period. Finally, Raiffeisen Bank International AG bought a new position in Banco de Chile in the 4th quarter valued at approximately $151,000. 1.24% of the stock is currently owned by institutional investors.

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.