Thrivent Financial for Lutherans Invests $836,000 in Banco de Chile (NYSE:BCH)

Thrivent Financial for Lutherans acquired a new position in Banco de Chile (NYSE:BCH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,852 shares of the bank's stock, valued at approximately $836,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Banco de Chile by 14.5% in the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock worth $89,000 after purchasing an additional 493 shares during the last quarter. Amundi increased its holdings in Banco de Chile by 27.1% in the 4th quarter. Amundi now owns 37,533 shares of the bank's stock worth $849,000 after buying an additional 8,000 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Banco de Chile in the 4th quarter worth about $300,000. Truxt Investmentos Ltda. bought a new position in Banco de Chile during the 4th quarter valued at about $1,169,000. Finally, Alberta Investment Management Corp purchased a new stake in Banco de Chile in the fourth quarter worth approximately $4,033,000. 1.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BCH. JPMorgan Chase & Co. increased their price target on Banco de Chile from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, January 24th. StockNews.com cut Banco de Chile from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th.

Banco de Chile Stock Performance

Shares of BCH traded down $1.51 on Friday, reaching $25.71. The company's stock had a trading volume of 910,609 shares, compared to its average volume of 223,280. Banco de Chile has a 12-month low of $21.19 and a 12-month high of $28.64. The stock has a market capitalization of $12.98 billion, a P/E ratio of 10.24, a PEG 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 stock's 50 day simple moving average is $26.41 and its two-hundred day simple moving average is $24.57.

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 given a dividend of $2.1037 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a dividend yield of 5.1%. Banco de Chile's payout ratio is currently 62.55%.

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.