16,231 Shares in Banco De Chile $BCH Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. bought a new stake in shares of Banco De Chile (NYSE:BCH) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,231 shares of the bank’s stock, valued at approximately $492,000.

Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Banco De Chile by 161.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $46,000 after acquiring an additional 929 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Banco De Chile by 276.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,513 shares of the bank’s stock worth $76,000 after purchasing an additional 1,845 shares during the period. Tower Research Capital LLC TRC lifted its position in Banco De Chile by 2,425.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the bank’s stock valued at $76,000 after purchasing an additional 2,401 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Banco De Chile by 1,355.4% during the second quarter. Farther Finance Advisors LLC now owns 3,231 shares of the bank’s stock valued at $98,000 after purchasing an additional 3,009 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Banco De Chile by 7.5% during the second quarter. Parallel Advisors LLC now owns 6,141 shares of the bank’s stock valued at $187,000 after purchasing an additional 428 shares during the period. 1.24% of the stock is currently owned by institutional investors.

Banco De Chile Trading Down 0.3%

Shares of BCH opened at $40.34 on Monday. The firm has a market cap of $20.41 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 2.70 and a beta of 0.20. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.53 and a quick ratio of 1.53. Banco De Chile has a 1 year low of $22.29 and a 1 year high of $40.76. The company has a 50 day simple moving average of $37.62 and a two-hundred day simple moving average of $32.63.

Banco De Chile (NYSE:BCH) last issued its earnings results on Thursday, October 30th. The bank reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The company had revenue of $764.93 million for the quarter, compared to the consensus estimate of $831.97 million. Banco De Chile had a return on equity of 23.25% and a net margin of 32.87%. On average, equities analysts expect that Banco De Chile will post 2.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on BCH. The Goldman Sachs Group raised their price objective on Banco De Chile from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Zacks Research cut shares of Banco De Chile from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. upped their price target on shares of Banco De Chile from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Wall Street Zen cut shares of Banco De Chile from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Banco De Chile in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.00.

Banco De Chile Profile

Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.

The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.