19,629 Shares in Banco De Chile $BCH Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in Banco De Chile (NYSE:BCH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,629 shares of the bank’s stock, valued at approximately $746,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BCH. Goldman Sachs Group Inc. grew its stake in Banco De Chile by 53.8% in the first quarter. Goldman Sachs Group Inc. now owns 216,950 shares of the bank’s stock worth $5,747,000 after purchasing an additional 75,924 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Banco De Chile during the 2nd quarter valued at $1,266,000. EverSource Wealth Advisors LLC boosted its position in Banco De Chile by 161.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock valued at $46,000 after acquiring an additional 929 shares in the last quarter. First Trust Advisors LP bought a new stake in Banco De Chile during the 2nd quarter valued at $238,000. Finally, Flow Traders U.S. LLC bought a new stake in Banco De Chile during the 2nd quarter valued at $323,000. Institutional investors own 1.24% of the company’s stock.

Banco De Chile Stock Performance

Shares of BCH opened at $36.75 on Thursday. Banco De Chile has a 12 month low of $27.08 and a 12 month high of $46.77. The stock has a fifty day moving average price of $37.68 and a 200-day moving average price of $39.21. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.00. The firm has a market cap of $18.56 billion, a PE ratio of 15.19 and a beta of 0.23.

Banco De Chile (NYSE:BCH) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $0.57 EPS for the quarter. Banco De Chile had a return on equity of 19.47% and a net margin of 29.95%.The firm had revenue of $321.27 million during the quarter. Equities research analysts predict that Banco De Chile will post 2.8 earnings per share for the current fiscal year.

Banco De Chile Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Monday, April 13th. Stockholders of record on Monday, March 30th were issued a dividend of $2.1877 per share. The ex-dividend date was Monday, March 30th. Banco De Chile’s dividend payout ratio is currently 68.18%.

Analysts Set New Price Targets

Several brokerages have issued reports on BCH. Weiss Ratings cut Banco De Chile from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Zacks Research raised Banco De Chile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, UBS Group set a $39.00 target price on Banco De Chile and gave the company a “neutral” rating in a research report on Friday, May 22nd. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $37.00.

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.