Eurizon Capital SGR S.p.A. Takes $746,000 Position in Banco De Chile $BCH

by · The Markets Daily

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Banco De Chile (NYSE:BCH – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 19,629 shares of the bank’s stock, valued at approximately $746,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Banco De Chile by 161.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $46,000 after acquiring an additional 929 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Banco De Chile by 2,425.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the bank’s stock worth $76,000 after acquiring an additional 2,401 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Banco De Chile by 6.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,396 shares of the bank’s stock worth $167,000 after acquiring an additional 255 shares during the last quarter. Focus Partners Wealth purchased a new position in Banco De Chile in the 3rd quarter worth $145,000. Finally, Savant Capital LLC purchased a new position in Banco De Chile in the 4th quarter worth $206,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Banco De Chile Stock Performance

NYSE BCH opened at $36.75 on Thursday. The stock has a 50-day simple moving average of $37.68 and a two-hundred day simple moving average of $39.21. The firm has a market capitalization of $18.56 billion, a P/E ratio of 15.19 and a beta of 0.23. Banco De Chile has a fifty-two week low of $27.08 and a fifty-two week high of $46.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.49 and a current ratio of 1.49.

Banco De Chile (NYSE:BCH – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.57 earnings per share for the quarter. The business had revenue of $321.27 million during the quarter. Banco De Chile had a return on equity of 19.47% and a net margin of 29.95%. On average, equities analysts forecast that Banco De Chile will post 2.8 earnings per share for the current year.

Banco De Chile Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, April 13th. Stockholders of record on Monday, March 30th were given a dividend of $2.1877 per share. The ex-dividend date was Monday, March 30th. Banco De Chile’s dividend payout ratio (DPR) is 68.18%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BCH shares. Zacks Research upgraded Banco De Chile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. UBS Group set a $39.00 target price on Banco De Chile and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings lowered Banco De Chile from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $37.00.

Check Out Our Latest Stock Report on BCH

Banco De Chile Company Profile

(Free Report)

Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.

The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.

See Also

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