Banco de Chile (NYSE:BCH) Stock Passes Above Two Hundred Day Moving Average of $21.98

Banco de Chile (NYSE:BCH) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.98 and traded as high as $22.21. Banco de Chile shares last traded at $21.57, with a volume of 199,834 shares trading hands.

Wall Street Analyst Weigh In

Separately, HSBC downgraded shares of Banco de Chile from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th.

Banco de Chile Stock Performance

The company has a 50-day moving average price of $22.69 and a two-hundred day moving average price of $21.98. The stock has a market capitalization of $11.25 billion, a P/E ratio of 7.19 and a beta of 0.40. The company has a quick ratio of 1.59, a current ratio of 1.56 and a debt-to-equity ratio of 2.81.

Banco de Chile (NYSE:BCH) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.87 EPS for the quarter, topping the consensus estimate of $0.72 by $0.15. The company had revenue of $987.90 million during the quarter, compared to analyst estimates of $872.49 million. Banco de Chile had a return on equity of 25.45% and a net margin of 28.62%. Equities analysts expect that Banco de Chile will post 2.13 earnings per share for the current year.

Banco de Chile Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 22nd were paid a dividend of $1.09 per share. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend was Thursday, March 21st. Banco de Chile’s dividend payout ratio (DPR) is presently 41.33%.

Hedge Funds Weigh In On Banco de Chile

A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Banco de Chile by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 597,813 shares of the bank’s stock valued at $12,795,000 after buying an additional 7,462 shares during the last quarter. UBS Group AG raised its stake in shares of Banco de Chile by 70.6% in the first quarter. UBS Group AG now owns 16,679 shares of the bank’s stock worth $358,000 after buying an additional 6,904 shares during the period. Ethic Inc. bought a new stake in Banco de Chile during the 1st quarter valued at approximately $297,000. Deutsche Bank AG raised its stake in Banco de Chile by 13.7% during the 2nd quarter. Deutsche Bank AG now owns 46,711 shares of the bank’s stock valued at $852,000 after purchasing an additional 5,625 shares during the period. Finally, FMR LLC increased its stake in Banco de Chile by 9.3% in the 2nd quarter. FMR LLC now owns 253,516 shares of the bank’s stock worth $4,621,000 after acquiring an additional 21,640 shares during the last quarter. Institutional investors own 1.24% of the company’s stock.

Banco de Chile Company 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.