Banco de Chile (NYSE:BCH - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.21 and traded as high as $26.32. Banco de Chile shares last traded at $25.89, with a volume of 231,125 shares trading hands.
Analyst Ratings Changes
Several research analysts have weighed in on BCH shares. StockNews.com lowered shares of Banco de Chile from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on Banco de Chile from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th.
View Our Latest Stock Analysis on Banco de Chile
Banco de Chile Price Performance
The company has a market capitalization of $13.72 billion, a P/E ratio of 10.83, a PEG ratio of 6.08 and a beta of 0.44. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. The business has a 50 day simple moving average of $24.54 and a 200-day simple moving average of $24.23.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. raised its holdings in shares of Banco de Chile by 23.6% during the fourth quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank's stock valued at $73,401,000 after buying an additional 618,891 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in Banco de Chile during the 4th quarter valued at $11,494,000. Truffle Hound Capital LLC bought a new stake in Banco de Chile during the 4th quarter valued at $4,536,000. Alberta Investment Management Corp acquired a new position in Banco de Chile during the 4th quarter worth $4,033,000. Finally, Wellington Management Group LLP bought a new position in shares of Banco de Chile in the fourth quarter worth $4,033,000. 1.24% of the stock is owned by institutional investors and hedge funds.
About Banco de Chile
(
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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.
Further Reading
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