Advisors Preferred LLC Grows Position in Banco De Chile $BCH

Advisors Preferred LLC boosted its position in shares of Banco De Chile (NYSE:BCH) by 278.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 27,706 shares of the bank’s stock after acquiring an additional 20,393 shares during the quarter. Advisors Preferred LLC’s holdings in Banco De Chile were worth $1,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BCH. Mirae Asset Global Investments Co. Ltd. boosted its stake in Banco De Chile by 6.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,396 shares of the bank’s stock worth $167,000 after purchasing an additional 255 shares during the period. Triasima Portfolio Management inc. increased its stake in Banco De Chile by 0.6% in the fourth quarter. Triasima Portfolio Management inc. now owns 77,835 shares of the bank’s stock valued at $2,958,000 after purchasing an additional 455 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Banco De Chile by 3.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,508 shares of the bank’s stock valued at $703,000 after purchasing an additional 651 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Banco De Chile by 33,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 680 shares of the bank’s stock valued at $26,000 after buying an additional 678 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Banco De Chile by 4.1% in the fourth quarter. Natixis Advisors LLC now owns 17,987 shares of the bank’s stock valued at $684,000 after buying an additional 710 shares during the last quarter. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Banco De Chile Stock Up 2.6%

BCH opened at $40.88 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.49 and a quick ratio of 1.49. Banco De Chile has a 12 month low of $27.08 and a 12 month high of $46.77. The stock has a market capitalization of $20.65 billion, a P/E ratio of 16.89 and a beta of 0.23. The business has a 50 day simple moving average of $38.40 and a 200-day simple moving average of $39.60.

Banco De Chile (NYSE:BCH) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $0.57 earnings per share for the quarter. The firm had revenue of $321.27 million for the quarter. Banco De Chile had a return on equity of 19.47% and a net margin of 29.95%. On average, equities analysts anticipate that Banco De Chile will post 2.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BCH has been the topic of a number of research reports. Weiss Ratings lowered Banco De Chile from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. UBS Group set a $39.00 price objective on Banco De Chile and gave the company a “neutral” rating in a research note on Friday, May 22nd. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $37.00.

Banco De Chile Company Profile

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.