Banco de Chile (NYSE:BCH) Stock Rating Upgraded by StockNews.com

Banco de Chile (NYSE:BCH) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, JPMorgan Chase & Co. raised their price objective on shares of Banco de Chile from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th.

Banco de Chile Stock Up 0.2 %

Shares of BCH opened at $25.72 on Friday. The stock’s 50-day moving average price is $23.44 and its 200-day moving average price is $23.92. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 9.22 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.

Institutional Investors Weigh In On Banco de Chile

A number of institutional investors have recently modified their holdings of BCH. Baillie Gifford & Co. raised its holdings in Banco de Chile by 23.6% in the 4th quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank’s stock worth $73,401,000 after purchasing an additional 618,891 shares during the period. FMR LLC increased its position in shares of Banco de Chile by 1.8% in the third quarter. FMR LLC now owns 858,889 shares of the bank’s stock valued at $21,738,000 after buying an additional 15,312 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Banco de Chile by 8.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 379,938 shares of the bank’s stock worth $9,616,000 after buying an additional 28,959 shares during the period. Alberta Investment Management Corp purchased a new position in shares of Banco de Chile during the 4th quarter valued at approximately $4,033,000. Finally, State Street Corp grew its stake in Banco de Chile by 293.4% in the 3rd quarter. State Street Corp now owns 128,448 shares of the bank’s stock valued at $3,251,000 after acquiring an additional 95,797 shares during the period. 1.24% of the stock is currently owned by institutional investors and hedge funds.

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.