Banco de Chile Stock to Split on Friday, November 23rd (BCH)

Banco de Chile (NYSE:BCH)’s stock is scheduled to split on Friday, November 23rd. The 3-1 split was announced on Tuesday, October 23rd. The newly created shares will be payable to shareholders after the market closes on Wednesday, November 21st.

NYSE:BCH opened at $86.38 on Friday. The firm has a market capitalization of $14.77 billion, a PE ratio of 15.62, a P/E/G ratio of 1.78 and a beta of 0.48. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.40 and a quick ratio of 1.39. Banco de Chile has a twelve month low of $79.60 and a twelve month high of $106.50.

BCH has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Banco de Chile from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. HSBC initiated coverage on shares of Banco de Chile in a research note on Monday, August 20th. They issued a “reduce” rating for the company. Finally, ValuEngine lowered shares of Banco de Chile from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Five research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average price target of $98.00.

Hedge funds have recently made changes to their positions in the business. CWM LLC increased its stake in Banco de Chile by 3,195.5% during the 3rd quarter. CWM LLC now owns 2,900 shares of the bank’s stock valued at $264,000 after purchasing an additional 2,812 shares in the last quarter. Cozad Asset Management Inc. bought a new stake in Banco de Chile during the 2nd quarter valued at $338,000. UBS Group AG increased its stake in Banco de Chile by 47.4% during the 1st quarter. UBS Group AG now owns 3,787 shares of the bank’s stock valued at $381,000 after purchasing an additional 1,218 shares in the last quarter. Castleark Management LLC increased its stake in Banco de Chile by 305.2% during the 2nd quarter. Castleark Management LLC now owns 5,656 shares of the bank’s stock valued at $526,000 after purchasing an additional 4,260 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in Banco de Chile during the 3rd quarter valued at $644,000. Institutional investors and hedge funds own 1.24% of the company’s stock.

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About Banco de Chile

Banco de Chile provides various banking products and services to individuals, corporate clients, large companies, and small and medium-sized companies in Chile and internationally. The company operates through four segments: Retail, Wholesale, Treasury, and Subsidiaries. It offers checking accounts; personal, car, and mortgage loans; credit cards; credit lines; and investment products, such as fixed-term, automatic renewal, and tax benefit deposits, as well as stocks, portfolio management, voluntary retirement savings/mutual funds, foreign currency, and fixed income investment products.

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