Renaissance Technologies LLC boosted its position in Banco de Chile (NYSE:BCH) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614,740 shares of the bank’s stock after purchasing an additional 9,388 shares during the quarter. Renaissance Technologies LLC owned about 0.37% of Banco de Chile worth $59,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BCH. Amundi Pioneer Asset Management Inc. purchased a new stake in Banco de Chile in the 4th quarter worth approximately $3,548,000. Invictus RG purchased a new stake in Banco de Chile in the 4th quarter worth approximately $1,522,000. KBC Group NV purchased a new stake in Banco de Chile in the 4th quarter worth approximately $833,000. Dimensional Fund Advisors LP raised its position in shares of Banco de Chile by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 200,031 shares of the bank’s stock valued at $18,235,000 after buying an additional 5,432 shares in the last quarter. Finally, Dean Capital Investments Management LLC purchased a new stake in shares of Banco de Chile during the 4th quarter valued at $379,000. Institutional investors and hedge funds own 1.30% of the company’s stock.
BCH has been the topic of several research reports. Zacks Investment Research upgraded shares of Banco de Chile from a “sell” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group restated a “hold” rating on shares of Banco de Chile in a research report on Friday, December 22nd. ValuEngine cut shares of Banco de Chile from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Bank of America cut shares of Banco de Chile from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 18th. Finally, Deutsche Bank cut shares of Banco de Chile from a “hold” rating to a “sell” rating and set a $91.00 price objective on the stock. in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Banco de Chile presently has a consensus rating of “Hold” and a consensus target price of $89.25.
Banco de Chile (NYSE:BCH) last posted its quarterly earnings data on Friday, February 2nd. The bank reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.01. The firm had revenue of $705.70 million for the quarter, compared to analysts’ expectations of $725.81 million. Banco de Chile had a net margin of 24.77% and a return on equity of 19.47%. sell-side analysts expect that Banco de Chile will post 6.09 earnings per share for the current year.
Banco de Chile Company Profile
Banco de Chile is a full service financial institution, which is engaged in providing credit and non-credit products and services in Chile. The Bank offers a range of banking services to its customers, ranging from individuals to corporations. The Bank’s segments include Retail, which focuses on individuals and small and medium-sized companies, where the product offering focuses on consumer loans, commercial loans, checking accounts, credit cards, credit lines and mortgage loans; Wholesale, which focuses on corporate clients and companies, where the product offering focuses on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts and leases; Treasury, which includes the associated revenues to the management of the investment portfolio and the business of financial transactions and currency trading, and Subsidiaries, which corresponds to companies and corporations controlled by the Bank.
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