Banco De Chile $BCH Shares Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lifted its stake in shares of Banco De Chile (NYSE:BCH) by 185.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,095 shares of the bank’s stock after purchasing an additional 16,948 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Banco De Chile were worth $794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BCH. Brooklyn Investment Group boosted its holdings in Banco De Chile by 823.3% during the first quarter. Brooklyn Investment Group now owns 1,385 shares of the bank’s stock worth $37,000 after buying an additional 1,235 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Banco De Chile by 276.2% in the second quarter. Hantz Financial Services Inc. now owns 2,513 shares of the bank’s stock valued at $76,000 after buying an additional 1,845 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Banco De Chile by 1,355.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,231 shares of the bank’s stock valued at $98,000 after acquiring an additional 3,009 shares during the period. Parallel Advisors LLC boosted its stake in shares of Banco De Chile by 7.5% during the 2nd quarter. Parallel Advisors LLC now owns 6,141 shares of the bank’s stock worth $187,000 after acquiring an additional 428 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Banco De Chile during the 2nd quarter worth approximately $223,000. Institutional investors and hedge funds own 1.24% of the company’s stock.

Analyst Ratings Changes

BCH has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Banco De Chile from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Zacks Research raised Banco De Chile from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. The Goldman Sachs Group lifted their price target on Banco De Chile from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Banco De Chile from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Banco De Chile in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Banco De Chile has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Banco De Chile Trading Down 2.1%

Shares of BCH stock opened at $36.58 on Friday. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.74 and a beta of 0.28. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.00. The firm has a 50-day moving average price of $32.20 and a 200 day moving average price of $30.44. Banco De Chile has a twelve month low of $22.06 and a twelve month high of $37.70.

Banco De Chile (NYSE:BCH) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The firm had revenue of $675.26 million for the quarter, compared to analysts’ expectations of $831.97 million. Banco De Chile had a return on equity of 23.25% and a net margin of 32.87%. Research analysts forecast that Banco De Chile will post 2.31 earnings per share 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.