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

StockNews.com lowered shares of Banco de Chile (NYSE:BCH) from a hold rating to a sell rating in a report released on Wednesday morning.

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

Banco de Chile Trading Down 0.9 %

Shares of BCH opened at $26.52 on Wednesday. The firm’s 50-day moving average is $24.26 and its two-hundred day moving average is $24.19. Banco de Chile has a twelve month low of $20.93 and a twelve month high of $26.96. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $13.39 billion, a P/E ratio of 10.57, a PEG ratio of 6.08 and a beta of 0.44.

Institutional Investors Weigh In On Banco de Chile

A number of large investors have recently added to or reduced their stakes in the business. Creative Planning purchased a new stake in shares of Banco de Chile in the third quarter valued at about $225,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Banco de Chile during the 3rd quarter worth approximately $36,000. Robeco Institutional Asset Management B.V. lifted its stake in Banco de Chile by 20.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 67,099 shares of the bank’s stock valued at $1,698,000 after buying an additional 11,609 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 valued at $9,616,000 after buying an additional 28,959 shares during the last quarter. Finally, FMR LLC grew its holdings in Banco de Chile by 1.8% during the 3rd 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 during the last quarter. 1.24% of the stock is 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.