Banco de Chile (NYSE:BCH) Stock Price Passes Above Two Hundred Day Moving Average of $21.98

Banco de Chile (NYSE:BCH) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.98 and traded as high as $22.21. Banco de Chile shares last traded at $21.57, with a volume of 199,834 shares trading hands.

Wall Street Analyst Weigh In

Separately, HSBC lowered Banco de Chile from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th.

Banco de Chile Trading Down 3.2 %

The company has a debt-to-equity ratio of 2.81, a current ratio of 1.56 and a quick ratio of 1.59. The business’s 50-day moving average price is $22.69 and its two-hundred day moving average price is $21.98. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 7.19 and a beta of 0.40.

Banco de Chile (NYSE:BCH) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. The business had revenue of $987.90 million for the quarter, compared to analysts’ expectations of $872.49 million. Banco de Chile had a net margin of 28.62% and a return on equity of 25.45%. Research analysts predict that Banco de Chile will post 2.13 earnings per share for the current year.

Banco de Chile Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 22nd were issued a dividend of $1.09 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a dividend yield of 4.8%. Banco de Chile’s dividend payout ratio is currently 41.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mariner LLC grew its holdings in shares of Banco de Chile by 46.1% during the 3rd quarter. Mariner LLC now owns 26,203 shares of the bank’s stock valued at $529,000 after purchasing an additional 8,265 shares during the last quarter. Wellington Management Group LLP purchased a new position in Banco de Chile in the third quarter worth about $2,328,000. Alberta Investment Management Corp purchased a new position in Banco de Chile in the third quarter worth about $940,000. Advisors Preferred LLC bought a new stake in shares of Banco de Chile in the fourth quarter worth approximately $194,000. Finally, Brandywine Global Investment Management LLC grew its position in Banco de Chile by 4.5% during the third quarter. Brandywine Global Investment Management LLC now owns 90,058 shares of the bank’s stock valued at $1,819,000 after buying an additional 3,910 shares during the period. 1.24% of the stock is owned by institutional investors.

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.