Tower Research Capital LLC TRC Purchases 1,478 Shares of Banco de Chile (NYSE:BCH)

Tower Research Capital LLC TRC raised its position in Banco de Chile (NYSE:BCH) by 335.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,918 shares of the bank’s stock after buying an additional 1,478 shares during the period. Tower Research Capital LLC TRC’s holdings in Banco de Chile were worth $44,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BCH. Parallel Advisors LLC increased its stake in shares of Banco de Chile by 163.9% in the fourth quarter. Parallel Advisors LLC now owns 1,581 shares of the bank’s stock valued at $36,000 after buying an additional 982 shares during the period. Blue Trust Inc. increased its stake in shares of Banco de Chile by 737.6% in the fourth quarter. Blue Trust Inc. now owns 2,697 shares of the bank’s stock valued at $62,000 after buying an additional 2,375 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Banco de Chile by 24.8% in the third quarter. PNC Financial Services Group Inc. now owns 7,926 shares of the bank’s stock valued at $160,000 after buying an additional 1,573 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Banco de Chile by 68.1% in the fourth quarter. Quadrant Capital Group LLC now owns 7,710 shares of the bank’s stock valued at $178,000 after buying an additional 3,123 shares during the period. Finally, Advisors Preferred LLC acquired a new stake in shares of Banco de Chile in the fourth quarter valued at about $194,000. 1.24% of the stock is currently owned by institutional investors.

Banco de Chile Trading Up 0.8 %

Shares of Banco de Chile stock traded up $0.18 on Thursday, reaching $22.19. 141,055 shares of the company’s stock were exchanged, compared to its average volume of 176,079. The firm’s 50-day moving average is $22.48 and its two-hundred day moving average is $22.16. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.56 and a quick ratio of 1.59. Banco de Chile has a 52 week low of $19.20 and a 52 week high of $24.10.

Banco de Chile (NYSE:BCH) last released its earnings results on Monday, January 29th. The bank reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. Banco de Chile had a net margin of 28.62% and a return on equity of 25.45%. The company had revenue of $987.90 million for the quarter, compared to the consensus estimate of $872.49 million. Analysts forecast that Banco de Chile will post 2.15 earnings per share for the current year.

Banco de Chile Dividend Announcement

The business also recently announced a Variable dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were given a dividend of $1.09 per share. The ex-dividend date was Thursday, March 21st. This represents a dividend yield of 4.8%. Banco de Chile’s payout ratio is presently 41.33%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price target on Banco de Chile from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Banco de Chile presently has a consensus rating of “Hold” and a consensus price target of $22.00.

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.