Oxford Asset Management acquired a new position in Banco De Chile (NYSE:BCH) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,856 shares of the bank’s stock, valued at approximately $423,000.
A number of other institutional investors have also recently bought and sold shares of BCH. LSV Asset Management increased its position in Banco De Chile by 36.7% in the first quarter. LSV Asset Management now owns 3,722 shares of the bank’s stock worth $268,000 after buying an additional 1,000 shares in the last quarter. Eqis Capital Management Inc. increased its position in Banco De Chile by 16.6% in the first quarter. Eqis Capital Management Inc. now owns 4,761 shares of the bank’s stock worth $344,000 after buying an additional 678 shares in the last quarter. US Bancorp DE increased its position in Banco De Chile by 1.6% in the first quarter. US Bancorp DE now owns 4,947 shares of the bank’s stock worth $357,000 after buying an additional 76 shares in the last quarter. Airain ltd purchased a new position in Banco De Chile during the first quarter worth about $421,000. Finally, Profund Advisors LLC increased its position in Banco De Chile by 102.6% in the first quarter. Profund Advisors LLC now owns 6,192 shares of the bank’s stock worth $447,000 after buying an additional 3,136 shares in the last quarter. 1.87% of the stock is currently owned by hedge funds and other institutional investors.
Banco De Chile (NYSE:BCH) opened at 79.01 on Friday. Banco De Chile has a 12-month low of $59.57 and a 12-month high of $79.84. The stock has a market capitalization of $12.86 billion, a P/E ratio of 16.46 and a beta of 0.39. The firm’s 50-day moving average is $76.00 and its 200-day moving average is $72.97.
Banco De Chile (NYSE:BCH) last released its earnings results on Monday, May 8th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by $0.06. Banco De Chile had a return on equity of 18.89% and a net margin of 24.00%. The company had revenue of $640.30 million during the quarter. Analysts predict that Banco De Chile will post $5.43 EPS for the current fiscal year.
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A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Banco De Chile from a “buy” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group set a $73.00 price objective on shares of Banco De Chile and gave the stock a “hold” rating in a report on Wednesday, April 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.00.
Banco De Chile Company Profile
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