Campbell & CO Investment Adviser LLC Sells 14,285 Shares of Banco De Chile $BCH

Campbell & CO Investment Adviser LLC trimmed its stake in shares of Banco De Chile (NYSE:BCH) by 54.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,810 shares of the bank’s stock after selling 14,285 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Banco De Chile were worth $358,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BCH. TT International Asset Management LTD acquired a new stake in shares of Banco De Chile in the 3rd quarter valued at about $26,962,000. SBI Securities Co. Ltd. boosted its position in shares of Banco De Chile by 8,516.3% during the second quarter. SBI Securities Co. Ltd. now owns 33,345 shares of the bank’s stock worth $1,014,000 after buying an additional 32,958 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in shares of Banco De Chile during the third quarter worth about $492,000. Hantz Financial Services Inc. raised its position 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 valued at $76,000 after buying an additional 1,845 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in Banco De Chile in the 2nd quarter valued at approximately $241,000. 1.24% of the stock is owned by institutional investors.

Banco De Chile Stock Performance

NYSE BCH opened at $43.14 on Friday. The stock has a market cap of $21.64 billion, a PE ratio of 15.41, a P/E/G ratio of 1.20 and a beta of 0.20. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a 50-day moving average of $38.58 and a 200-day moving average of $33.36. Banco De Chile has a 52-week low of $23.66 and a 52-week high of $43.23.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. 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. boosted their price objective on shares of Banco De Chile from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco De Chile in a research report on Wednesday. The Goldman Sachs Group lowered shares of Banco De Chile from a “hold” rating to a “sell” rating and set a $36.00 price target on the stock. in a research note on Tuesday, January 13th. Finally, Wall Street Zen cut shares of Banco De Chile from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $36.00.

About Banco De Chile

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.