Banco de Chile (NYSE:BCH) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Banco de Chile (NYSE:BCH) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.52 and traded as high as $26.54. Banco de Chile shares last traded at $26.46, with a volume of 279,141 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on BCH. JPMorgan Chase & Co. increased their price target on Banco de Chile from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. StockNews.com cut shares of Banco de Chile from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th.

Banco de Chile Stock Performance

The stock has a market cap of $13.36 billion, a P/E ratio of 10.54, a PEG ratio of 6.08 and a beta of 0.39. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52. The company has a fifty day moving average of $26.23 and a 200 day moving average of $24.52.

Banco de Chile Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st will be paid a $2.1037 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, March 21st. Banco de Chile’s dividend payout ratio is presently 53.78%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in Banco de Chile by 1.8% in the 3rd quarter. FMR LLC now owns 858,889 shares of the bank’s stock valued at $21,738,000 after acquiring an additional 15,312 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Banco de Chile by 18,631.0% during the third quarter. BNP Paribas Financial Markets now owns 21,728 shares of the bank’s stock valued at $550,000 after purchasing an additional 21,612 shares during the last quarter. Walleye Capital LLC acquired a new stake in Banco de Chile during the third quarter valued at approximately $638,000. Itau Unibanco Holding S.A. bought a new stake in Banco de Chile during the third quarter worth approximately $2,411,000. Finally, Quantinno Capital Management LP acquired a new position in Banco de Chile in the third quarter worth approximately $261,000. Institutional investors own 1.24% of the company’s stock.

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.