Banco de Chile (NYSE:BCH) Shares Bought by State Street Corp

State Street Corp raised its position in shares of Banco de Chile (NYSE:BCH - Free Report) by 293.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,448 shares of the bank's stock after acquiring an additional 95,797 shares during the period. State Street Corp's holdings in Banco de Chile were worth $3,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BCH. Allspring Global Investments Holdings LLC acquired a new position in shares of Banco de Chile during the 3rd quarter valued at $36,000. Creative Planning acquired a new position in shares of Banco de Chile during the third quarter worth about $225,000. Quantinno Capital Management LP purchased a new stake in shares of Banco de Chile in the third quarter worth about $261,000. Blue Trust Inc. grew its stake in shares of Banco de Chile by 69.7% in the third quarter. Blue Trust Inc. now owns 11,140 shares of the bank's stock valued at $282,000 after buying an additional 4,576 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Banco de Chile by 31.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank's stock valued at $351,000 after buying an additional 3,730 shares during the period. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco de Chile Stock Up 0.4 %

Banco de Chile stock traded up $0.09 during midday trading on Tuesday, hitting $22.68. 88,914 shares of the company were exchanged, compared to its average volume of 199,109. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.52. Banco de Chile has a fifty-two week low of $20.93 and a fifty-two week high of $25.97. The company's fifty day moving average price is $23.26 and its 200-day moving average price is $23.83. The company has a market cap of $11.46 billion, a PE ratio of 8.13 and a beta of 0.44.

Banco de Chile (NYSE:BCH - Get Free Report) last posted its earnings results on Tuesday, October 29th. The bank reported $0.61 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 firm had revenue of $980.10 million for the quarter, compared to analyst estimates of $796.96 million. On average, research analysts predict that Banco de Chile will post 2.5 EPS for the current fiscal year.

Banco de Chile 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.