Banco de Chile (NYSE:BCH) Short Interest Update

Banco de Chile (NYSE:BCH - Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 419,800 shares, a decline of 33.4% from the December 15th total of 630,600 shares. Based on an average daily trading volume, of 213,500 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of Banco de Chile

A number of hedge funds have recently bought and sold shares of BCH. Itau Unibanco Holding S.A. acquired a new stake in shares of Banco de Chile during the third quarter valued at approximately $2,411,000. State Street Corp grew its position in Banco de Chile by 293.4% during the 3rd quarter. State Street Corp now owns 128,448 shares of the bank's stock worth $3,251,000 after purchasing an additional 95,797 shares in the last quarter. AQR Capital Management LLC raised its stake in Banco de Chile by 61.5% during the 2nd quarter. AQR Capital Management LLC now owns 243,009 shares of the bank's stock valued at $5,499,000 after purchasing an additional 92,532 shares during the period. Marshall Wace LLP lifted its holdings in shares of Banco de Chile by 24.3% in the second quarter. Marshall Wace LLP now owns 214,398 shares of the bank's stock valued at $4,852,000 after purchasing an additional 41,894 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Banco de Chile by 8.3% in the third 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 in the last quarter. 1.24% of the stock is owned by hedge funds and other institutional investors.

Banco de Chile Price Performance

Shares of NYSE BCH traded up $0.01 during trading on Wednesday, hitting $23.15. The company had a trading volume of 190,185 shares, compared to its average volume of 226,587. The company has a market cap of $11.69 billion, a P/E ratio of 8.30 and a beta of 0.44. 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 business's 50-day moving average is $22.97 and its 200 day moving average is $23.82. Banco de Chile has a 52 week low of $20.93 and a 52 week high of $25.97.

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