Barclays PLC Acquires 5,016 Shares of Banco de Chile (NYSE:BCH)

Barclays PLC grew its holdings in shares of Banco de Chile (NYSE:BCH) by 81.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,151 shares of the bank’s stock after purchasing an additional 5,016 shares during the period. Barclays PLC’s holdings in Banco de Chile were worth $282,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Banco de Chile during the third quarter valued at $36,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Banco de Chile by 31.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank’s stock valued at $351,000 after acquiring an additional 3,730 shares in the last quarter. Blue Trust Inc. raised its position in shares of Banco de Chile by 69.7% in the 3rd 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. Creative Planning purchased a new position in shares of Banco de Chile in the 3rd quarter worth about $225,000. Finally, Quantinno Capital Management LP bought a new position in Banco de Chile in the 3rd quarter worth about $261,000. 1.24% of the stock is owned by institutional investors.

Banco de Chile Stock Up 1.1 %

NYSE:BCH opened at $23.47 on Tuesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $11.85 billion, a P/E ratio of 8.41 and a beta of 0.44. Banco de Chile has a fifty-two week low of $20.93 and a fifty-two week high of $25.97. The firm has a 50-day simple moving average of $22.97 and a two-hundred day simple moving average of $23.83.

Banco de Chile (NYSE:BCH) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.61 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $980.10 million for the quarter, compared to analysts’ expectations of $796.96 million. Analysts predict that Banco de Chile will post 2.5 earnings per share for the current fiscal 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.