Banco de Chile (NYSE:BCH)’s share price reached a new 52-week low on Friday . The company traded as low as $20.40 and last traded at $20.46, with a volume of 7196 shares changing hands. The stock had previously closed at $21.15.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Banco de Chile from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered shares of Banco de Chile from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Finally, Goldman Sachs Group assumed coverage on shares of Banco de Chile in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $29.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Banco de Chile has an average rating of “Hold” and a consensus target price of $46.67.
The company’s fifty day simple moving average is $25.32 and its 200 day simple moving average is $27.93. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.05. The stock has a market capitalization of $10.79 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.24 and a beta of 0.41.
Large investors have recently made changes to their positions in the business. Signaturefd LLC boosted its holdings in Banco de Chile by 25.3% in the 3rd quarter. Signaturefd LLC now owns 3,929 shares of the bank’s stock valued at $110,000 after purchasing an additional 793 shares during the period. Bank of Montreal Can boosted its holdings in Banco de Chile by 502.6% in the 2nd quarter. Bank of Montreal Can now owns 6,466 shares of the bank’s stock valued at $192,000 after purchasing an additional 5,393 shares during the period. United Services Automobile Association bought a new position in Banco de Chile in the 2nd quarter valued at $207,000. Quadrant Capital Group LLC boosted its holdings in Banco de Chile by 102.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 9,842 shares of the bank’s stock valued at $290,000 after purchasing an additional 4,973 shares during the period. Finally, Wetherby Asset Management Inc. boosted its holdings in Banco de Chile by 6.1% in the 2nd quarter. Wetherby Asset Management Inc. now owns 10,869 shares of the bank’s stock valued at $323,000 after purchasing an additional 626 shares during the period. 1.08% of the stock is owned by hedge funds and other institutional investors.
About Banco de Chile (NYSE:BCH)
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. The company operates through four segments: Retail, Wholesale, Treasury and Money Market Operations, and Subsidiaries. It offers deposit products, such as checking accounts, current accounts, demand deposits, demand accounts, saving accounts, and time deposits; credit cards; installment loans; credit lines; and residential mortgage loans, as well as short and long term financing.
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