Barclays PLC Raises Stock Holdings in Banco de Chile (NYSE:BCH)

Barclays PLC raised its holdings in Banco de Chile (NYSE:BCH) by 81.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,151 shares of the bank’s stock after buying an additional 5,016 shares during the quarter. Barclays PLC’s holdings in Banco de Chile were worth $282,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BCH. Allspring Global Investments Holdings LLC purchased a new stake in Banco de Chile in the third quarter valued at about $36,000. Creative Planning purchased a new position in shares of Banco de Chile in the third quarter worth about $225,000. Quantinno Capital Management LP purchased a new position in shares of Banco de Chile in the third quarter worth about $261,000. Blue Trust Inc. raised its stake in shares of Banco de Chile by 69.7% in the third quarter. Blue Trust Inc. now owns 11,140 shares of the bank’s stock worth $282,000 after purchasing an additional 4,576 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Banco de Chile in the third quarter worth about $333,000. 1.24% of the stock is currently owned by hedge funds and other institutional investors.

Banco de Chile Stock Down 1.5 %

Banco de Chile stock opened at $22.15 on Monday. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 7.94 and a beta of 0.44. Banco de Chile has a 52 week low of $20.93 and a 52 week high of $25.97. The business’s 50-day moving average price is $23.09 and its 200 day moving average price is $23.82. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.99.

Banco de Chile (NYSE:BCH) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.03). Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. The business had revenue of $980.10 million during the quarter, compared to analyst estimates of $796.96 million. As a group, sell-side analysts anticipate that Banco de Chile will post 2.5 earnings per share for the current year.

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.