Renaissance Technologies LLC Raises Stock Holdings in Banco de Chile (NYSE:BCH)

Renaissance Technologies LLC raised its position in shares of Banco de Chile (NYSE:BCH - Free Report) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,335,194 shares of the bank's stock after purchasing an additional 29,300 shares during the quarter. Renaissance Technologies LLC owned 0.26% of Banco de Chile worth $30,282,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BCH. Signaturefd LLC boosted its holdings in shares of Banco de Chile by 14.5% during the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after purchasing an additional 493 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Banco de Chile in the fourth quarter worth about $94,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 valued at $100,000 after buying an additional 1,291 shares during the last quarter. Atlas Capital Advisors Inc. grew its holdings in Banco de Chile by 30.7% during the 4th 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 in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Banco de Chile by 9.6% in the 4th quarter. Quadrant Capital Group LLC now owns 9,084 shares of the bank's stock worth $206,000 after acquiring an additional 793 shares during the last quarter. Institutional investors own 1.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. 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 objective on shares of Banco de Chile from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th.

Banco de Chile Trading Up 1.5 %

Shares of NYSE:BCH traded up $0.42 during trading on Thursday, hitting $28.18. The company had a trading volume of 67,364 shares, compared to its average volume of 228,556. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 6.08 and a beta of 0.31. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52. The company has a fifty day simple moving average of $26.62 and a two-hundred day simple moving average of $24.65. Banco de Chile has a one year low of $21.37 and a one year high of $28.64.

Banco de Chile Dividend Announcement

The company also recently disclosed 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. This represents a yield of 5.1%. The ex-dividend date of this dividend was Friday, March 21st. Banco de Chile's payout ratio is 62.55%.

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.