State Street Corp Purchases 95,797 Shares of Banco de Chile (NYSE:BCH)

State Street Corp increased its position in Banco de Chile (NYSE:BCH) by 293.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,448 shares of the bank’s stock after purchasing an additional 95,797 shares during the quarter. State Street Corp’s holdings in Banco de Chile were worth $3,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in Banco de Chile during the third quarter worth $36,000. Vanguard Personalized Indexing Management LLC boosted its position in Banco de Chile by 31.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank’s stock valued at $351,000 after buying an additional 3,730 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Banco de Chile by 69.7% during the third quarter. Blue Trust Inc. now owns 11,140 shares of the bank’s stock worth $282,000 after purchasing an additional 4,576 shares during the last quarter. Creative Planning acquired a new position in shares of Banco de Chile during the third quarter worth approximately $225,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Banco de Chile during the third quarter worth $261,000. Institutional investors own 1.24% of the company’s stock.

Banco de Chile Price Performance

Shares of BCH opened at $22.59 on Tuesday. The stock has a market cap of $11.41 billion, a P/E ratio of 8.10 and a beta of 0.44. The stock’s 50-day moving average price is $23.30 and its two-hundred day moving average price is $23.84. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.99. Banco de Chile has a 1 year low of $20.93 and a 1 year high of $25.97.

Banco de Chile (NYSE:BCH) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03). Banco de Chile had a return on equity of 22.69% and a net margin of 30.00%. The firm had revenue of $980.10 million for the quarter, compared to the consensus estimate of $796.96 million. On average, equities analysts predict that Banco de Chile will post 2.5 earnings per share for the current year.

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.