Banco De Chile (NYSE:BCH) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Banco De Chile (NYSE:BCH) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.20 and traded as high as $30.54. Banco De Chile shares last traded at $30.18, with a volume of 326,232 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Banco De Chile from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd.

Banco De Chile Stock Performance

The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.09. The stock has a fifty day moving average price of $30.32 and a 200-day moving average price of $27.20. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 6.33 and a beta of 0.25.

Hedge Funds Weigh In On Banco De Chile

Institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group boosted its holdings in shares of Banco De Chile by 823.3% in the first quarter. Brooklyn Investment Group now owns 1,385 shares of the bank’s stock valued at $37,000 after acquiring an additional 1,235 shares in the last quarter. Signaturefd LLC lifted its position in Banco De Chile by 14.5% in the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock valued at $89,000 after purchasing an additional 493 shares during the period. Atlas Capital Advisors Inc. boosted its holdings in Banco De Chile by 30.7% in the 4th quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank’s stock valued at $143,000 after purchasing an additional 1,487 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in Banco De Chile during the 4th quarter worth approximately $151,000. Finally, Parallel Advisors LLC increased its position in Banco De Chile by 33.2% during the 1st quarter. Parallel Advisors LLC now owns 5,713 shares of the bank’s stock worth $151,000 after purchasing an additional 1,424 shares during the period. 1.24% of the stock is owned by institutional investors and hedge funds.

About Banco De Chile

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.