Banco de Chile (NYSE:BCH) Shares Cross Above 200-Day Moving Average – Should You Sell?

Banco de Chile (NYSE:BCH) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.80 and traded as high as $24.82. Banco de Chile shares last traded at $24.54, with a volume of 91,242 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Banco de Chile from a “sell” rating to a “hold” rating in a research note on Friday, July 19th.

Banco de Chile Stock Down 0.1 %

The firm has a market capitalization of $12.39 billion, a PE ratio of 8.26 and a beta of 0.40. The business’s 50 day simple moving average is $24.81 and its 200 day simple moving average is $23.80. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.29.

Banco de Chile (NYSE:BCH) last issued its quarterly earnings data on Tuesday, July 30th. The bank reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Banco de Chile had a net margin of 28.99% and a return on equity of 22.72%. The business had revenue of $810.22 million during the quarter, compared to analysts’ expectations of $767.15 million. On average, equities research analysts forecast that Banco de Chile will post 2.48 earnings per share for the current year.

Institutional Investors Weigh In On Banco de Chile

Institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Banco de Chile by 569.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,279 shares of the bank’s stock worth $28,000 after acquiring an additional 1,088 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Banco de Chile in the 3rd quarter worth about $36,000. Blue Trust Inc. lifted its holdings in shares of Banco de Chile by 629.3% in the 2nd quarter. Blue Trust Inc. now owns 6,564 shares of the bank’s stock worth $146,000 after acquiring an additional 5,664 shares during the last quarter. Creative Planning bought a new stake in shares of Banco de Chile in the 3rd quarter worth about $225,000. Finally, Liontrust Investment Partners LLP bought a new stake in shares of Banco de Chile in the 2nd quarter worth about $294,000. Institutional investors own 1.24% of the company’s stock.

Banco de Chile Company Profile

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.