Natixis Advisors L.P. Buys 517 Shares of Banco de Chile (NYSE:BCH)

Natixis Advisors L.P. lifted its stake in Banco de Chile (NYSE:BCH) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,722 shares of the bank’s stock after buying an additional 517 shares during the period. Natixis Advisors L.P.’s holdings in Banco de Chile were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BCH. Raymond James Financial Services Advisors Inc. raised its stake in shares of Banco de Chile by 5.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,488 shares of the bank’s stock valued at $242,000 after purchasing an additional 541 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Banco de Chile by 3.2% during the 3rd quarter. Lazard Asset Management LLC now owns 29,450 shares of the bank’s stock worth $594,000 after acquiring an additional 926 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Banco de Chile by 14.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 11,691 shares of the bank’s stock valued at $236,000 after acquiring an additional 1,449 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Banco de Chile by 24.8% in the third quarter. PNC Financial Services Group Inc. now owns 7,926 shares of the bank’s stock valued at $160,000 after acquiring an additional 1,573 shares during the period. Finally, Blue Trust Inc. raised its position in Banco de Chile by 737.6% in the fourth quarter. Blue Trust Inc. now owns 2,697 shares of the bank’s stock worth $62,000 after purchasing an additional 2,375 shares in the last quarter. Institutional investors own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price objective on Banco de Chile from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Banco de Chile currently has an average rating of “Hold” and a consensus target price of $22.00.

Banco de Chile Price Performance

Banco de Chile stock opened at $24.54 on Friday. The business’s fifty day moving average is $22.67 and its two-hundred day moving average is $22.46. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $12.39 billion, a P/E ratio of 8.26 and a beta of 0.40. Banco de Chile has a 52 week low of $19.20 and a 52 week high of $24.79.

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.