Whittier Trust Co. acquired a new stake in Banco de Chile (NYSE:BCH – received rating) in the first quarter, according to its most recent SEC filing. The fund acquired 10,735 shares of the bank, valued at approximately $230,000.

A number of other hedge funds have also recently changed their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Banco de Chile by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 590,351 shares of the bank, valued at $9,281,000, after purchasing an additional 22,056 shares last quarter. Itau Unibanco Holding SA acquired a new position in Banco de Chile shares valued at $7,571,000 during the fourth quarter. Veriti Management LLC increased its position in shares of Banco de Chile by 13.7% in the first quarter. Veriti Management LLC now owns 69,365 shares of the bank, valued at $1,487,000, after purchasing an additional 8,346 shares last quarter. Investors Research Corp increased its position in Banco de Chile shares by 18.7% in the first quarter. Investors Research Corp now owns 48,025 shares of the bank, valued at $1,029,000, after purchasing an additional 7,550 shares last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Banco de Chile by 16.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 13,925 shares of the bank, valued at $212,000, after buying another 2,000 shares last quarter. 0.89% of the shares are currently owned by hedge funds and other institutional investors.

Banco de Chile stock performance

Stocks of Banco de Chile opened at $18.35 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt to equity ratio of 3.12. The company has a market cap of $9.27 billion, a PE ratio of 6.58, a P/E/G ratio of 0.80 and a beta of 0.37. The company has a 50-day simple moving average of $19.05 and a 200-day simple moving average of $20.00. The Banco de Chile has a 12-month low of $15.60 and a 12-month high of $22.74.

Bank of Chile (NYSE:BCH – received rating) last released its quarterly results on Friday, April 29. The bank reported earnings per share of $0.69 for the quarter, beating the consensus estimate of $0.60 by $0.09. The company had revenue of $560.31 million for the quarter, compared to the consensus estimate of $742.05 million. Banco de Chile had a net margin of 40.44% and a return on equity of 26.29%. Research analysts expect Banco de Chile to post 2.31 EPS for the year to date.

Wall Street analysts forecast growth

A number of research analysts have recently commented on BCH stocks. Grupo Santander has upgraded shares of Banco de Chile to a rating of “outperform” from a “neutral” rating and set a price target of $25.00 for the company in a research report on Thursday, May. Itaú Unibanco downgraded shares of Banco de Chile from an outperform rating to a market perform rating and set a price target of $22.00 for the company. in a report on Tuesday, June 7th. StockNews.com downgraded shares of Banco de Chile from a “buy” rating to a “hold” rating in a report on Wednesday. Scotiabank upgraded shares of Banco de Chile from a sector perform rating to an outperform rating in a report on Wednesday, April 13th. Finally, Itau BBA Securities downgraded shares of Banco de Chile from an outperform rating to a market perform rating and set a price target of $22.00 for the company. in a report on Tuesday, June 7th. Four research analysts have rated the stock with a hold rating and four with a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $23.67.

Banco de Chile company profile

(received rating)

Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through retail banking, wholesale banking, and treasury and money market segments. The Company offers deposit products such as current accounts, checking accounts, demand deposits and accounts, savings accounts and time deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.

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