Raymond James Financial Inc. Takes $300,000 Position in Banco de Chile (NYSE:BCH)

Raymond James Financial Inc. bought a new position in Banco de Chile (NYSE:BCH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,241 shares of the bank's stock, valued at approximately $300,000.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in shares of Banco de Chile by 18,631.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,728 shares of the bank's stock worth $550,000 after purchasing an additional 21,612 shares during the period. Quantinno Capital Management LP purchased a new position in Banco de Chile during the third quarter valued at $261,000. State Street Corp grew its stake in shares of Banco de Chile by 293.4% during the 3rd quarter. State Street Corp now owns 128,448 shares of the bank's stock valued at $3,251,000 after acquiring an additional 95,797 shares during the period. XTX Topco Ltd bought a new stake in Banco de Chile during the 3rd quarter valued at approximately $333,000. Finally, Barclays PLC grew its position in shares of Banco de Chile by 81.8% during the third quarter. Barclays PLC now owns 11,151 shares of the bank's stock valued at $282,000 after purchasing an additional 5,016 shares in the last quarter. Hedge funds and other institutional investors own 1.24% of the company's stock.

Banco de Chile Price Performance

Shares of Banco de Chile stock traded up $0.47 during mid-day trading on Tuesday, reaching $27.37. 30,719 shares of the stock traded hands, compared to its average volume of 227,928. Banco de Chile has a fifty-two week low of $21.19 and a fifty-two week high of $28.64. The stock has a market capitalization of $13.82 billion, a PE ratio of 10.89, a PEG ratio of 6.08 and a beta of 0.31. 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 moving average of $26.54 and a 200 day moving average of $24.61.

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Banco de Chile Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were issued a $2.1037 dividend. The ex-dividend date was Friday, March 21st. This represents a dividend yield of 5.1%. Banco de Chile's dividend payout ratio is currently 62.55%.

Analyst Upgrades and Downgrades

BCH has been the subject of a number of recent research reports. 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. upped their target price on Banco de Chile from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, January 24th.

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.