Alberta Investment Management Corp Sells 50,823 Shares of Banco De Chile (NYSE:BCH)

Alberta Investment Management Corp cut its holdings in shares of Banco De Chile (NYSE:BCH) by 28.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,004 shares of the bank’s stock after selling 50,823 shares during the quarter. Alberta Investment Management Corp’s holdings in Banco De Chile were worth $3,364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BCH. XTX Topco Ltd purchased a new stake in shares of Banco De Chile during the first quarter valued at approximately $245,000. Advisors Preferred LLC bought a new stake in Banco De Chile during the 1st quarter valued at $819,000. Triasima Portfolio Management inc. raised its holdings in Banco De Chile by 37.6% during the 1st quarter. Triasima Portfolio Management inc. now owns 23,645 shares of the bank’s stock valued at $626,000 after buying an additional 6,455 shares during the last quarter. Cerity Partners LLC purchased a new stake in Banco De Chile during the 1st quarter valued at $239,000. Finally, Bessemer Group Inc. grew its holdings in Banco De Chile by 3.2% in the 1st quarter. Bessemer Group Inc. now owns 401,760 shares of the bank’s stock worth $10,642,000 after acquiring an additional 12,599 shares during the last quarter. Institutional investors own 1.24% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Banco De Chile from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd.

Banco De Chile Trading Up 1.1%

BCH opened at $27.61 on Friday. Banco De Chile has a one year low of $22.06 and a one year high of $31.84. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.48 and a quick ratio of 1.48. The business has a 50 day simple moving average of $29.43 and a two-hundred day simple moving average of $28.02. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 5.79 and a beta of 0.24.

Banco De Chile (NYSE:BCH) last announced its earnings results on Thursday, July 31st. The bank reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Banco De Chile had a return on equity of 22.94% and a net margin of 32.62%. The company had revenue of $801.11 million during the quarter, compared to the consensus estimate of $820.11 million. Analysts predict that Banco De Chile will post 2.31 EPS for the current year.

About Banco De Chile

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.