Comerica Bank Buys 1,289 Shares of Banco de Chile (NYSE:BCH)

Comerica Bank lifted its stake in shares of Banco de Chile (NYSE:BCH) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,227 shares of the bank’s stock after purchasing an additional 1,289 shares during the period. Comerica Bank’s holdings in Banco de Chile were worth $579,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new stake in Banco de Chile in the 3rd quarter valued at $267,000. Crossmark Global Holdings Inc. raised its stake in Banco de Chile by 3.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 27,447 shares of the bank’s stock valued at $559,000 after acquiring an additional 902 shares during the period. Newfoundland Capital Management bought a new stake in Banco de Chile in the 3rd quarter valued at $587,000. Finally, Aperio Group LLC raised its stake in Banco de Chile by 3.6% in the 3rd quarter. Aperio Group LLC now owns 173,419 shares of the bank’s stock valued at $2,622,000 after acquiring an additional 6,000 shares during the period.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded Banco de Chile from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, January 6th. TheStreet upgraded Banco de Chile from a “d+” rating to a “c-” rating in a research report on Wednesday, January 27th. Finally, Itau BBA Securities upgraded Banco de Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research report on Tuesday, November 17th. Four investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $24.00.

BCH stock opened at $22.53 on Tuesday. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.87 and a beta of 0.52. The business’s fifty day moving average price is $21.53 and its two-hundred day moving average price is $18.49. Banco de Chile has a fifty-two week low of $12.50 and a fifty-two week high of $23.19.

About Banco de Chile

Banco de Chile, together with its subsidiaries, provides various banking products and services to customers in Chile. The company operates through four segments: Retail, Wholesale, Treasury, and Subsidiaries. It offers checking accounts, consumer loans, commercial loans, credit cards, credit lines, and mortgage loans.

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Institutional Ownership by Quarter for Banco de Chile (NYSE:BCH)

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