StockNews.com Upgrades Banco de Chile (NYSE:BCH) to "Hold"

Banco de Chile (NYSE:BCH - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Saturday.

Separately, JPMorgan Chase & Co. upped their price objective on Banco de Chile from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, January 24th.

Banco de Chile Stock Performance

Shares of NYSE BCH traded up $0.02 during trading on Friday, reaching $25.94. The stock had a trading volume of 229,384 shares, compared to its average volume of 177,322. Banco de Chile has a one year low of $20.93 and a one year high of $26.12. 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 stock has a market cap of $13.10 billion, a PE ratio of 9.30 and a beta of 0.44. The firm's 50 day moving average price is $23.56 and its two-hundred day moving average price is $23.95.

Institutional Trading of Banco de Chile

Several large investors have recently made changes to their positions in BCH. Creative Planning bought a new stake in shares of Banco de Chile during the 3rd quarter worth about $225,000. Blue Trust Inc. boosted its stake in Banco de Chile by 69.7% during the 3rd quarter. Blue Trust Inc. now owns 11,140 shares of the bank's stock valued at $282,000 after purchasing an additional 4,576 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Banco de Chile during the 3rd quarter valued at approximately $36,000. Robeco Institutional Asset Management B.V. boosted its stake in Banco de Chile by 20.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 67,099 shares of the bank's stock valued at $1,698,000 after purchasing an additional 11,609 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Banco de Chile by 8.3% during the 3rd 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 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.