State Street Corp Has $3.25 Million Stake in Banco de Chile (NYSE:BCH)

State Street Corp increased its holdings in Banco de Chile (NYSE:BCH) by 293.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,448 shares of the bank’s stock after buying an additional 95,797 shares during the period. State Street Corp’s holdings in Banco de Chile were worth $3,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in Banco de Chile in the third quarter valued at about $36,000. Creative Planning bought a new stake in shares of Banco de Chile during the 3rd quarter valued at approximately $225,000. Quantinno Capital Management LP acquired a new position in Banco de Chile during the 3rd quarter worth approximately $261,000. Blue Trust Inc. lifted its stake in Banco de Chile by 69.7% in the 3rd quarter. Blue Trust Inc. now owns 11,140 shares of the bank’s stock valued at $282,000 after purchasing an additional 4,576 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Banco de Chile by 31.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank’s stock valued at $351,000 after buying an additional 3,730 shares in the last quarter. Institutional investors and hedge funds own 1.24% of the company’s stock.

Banco de Chile Trading Down 0.7 %

Shares of BCH stock opened at $22.59 on Tuesday. Banco de Chile has a twelve month low of $20.93 and a twelve month high of $25.97. The stock’s fifty day simple moving average is $23.30 and its 200 day simple moving average is $23.84. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $11.41 billion, a P/E ratio of 8.10 and a beta of 0.44.

Banco de Chile (NYSE:BCH) last posted its earnings results on Tuesday, October 29th. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.03). The business had revenue of $980.10 million for the quarter, compared to analyst estimates of $796.96 million. Banco de Chile had a return on equity of 22.69% and a net margin of 30.00%. As a group, sell-side analysts predict that Banco de Chile will post 2.5 EPS for the current fiscal year.

Banco de Chile Profile

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.