Shares of Banco de Chile (NYSE:BCH – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.29 and traded as high as $23.36. Banco de Chile shares last traded at $23.35, with a volume of 195,884 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. increased their price target on Banco de Chile from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Banco de Chile presently has an average rating of “Hold” and a consensus target price of $22.00.
Check Out Our Latest Stock Analysis on Banco de Chile
Banco de Chile Trading Up 1.7 %
Institutional Investors Weigh In On Banco de Chile
A number of institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Banco de Chile by 569.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,279 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,088 shares in the last quarter. Parallel Advisors LLC raised its position in Banco de Chile by 163.9% in the fourth quarter. Parallel Advisors LLC now owns 1,581 shares of the bank’s stock worth $36,000 after acquiring an additional 982 shares during the period. Tower Research Capital LLC TRC boosted its stake in Banco de Chile by 335.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,918 shares of the bank’s stock valued at $44,000 after acquiring an additional 1,478 shares during the last quarter. Blue Trust Inc. lifted its stake in Banco de Chile by 737.6% in the fourth quarter. Blue Trust Inc. now owns 2,697 shares of the bank’s stock valued at $62,000 after purchasing an additional 2,375 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Banco de Chile by 68.1% during the fourth quarter. Quadrant Capital Group LLC now owns 7,710 shares of the bank’s stock valued at $178,000 after purchasing an additional 3,123 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.
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