Thrivent Financial for Lutherans Takes $836,000 Position in Banco de Chile (NYSE:BCH)

Thrivent Financial for Lutherans purchased a new stake in Banco de Chile (NYSE:BCH) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 36,852 shares of the bank’s stock, valued at approximately $836,000.

A number of other large investors have also recently bought and sold shares of BCH. Baillie Gifford & Co. raised its holdings in shares of Banco de Chile by 23.6% in the fourth quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank’s stock valued at $73,401,000 after buying an additional 618,891 shares during the last quarter. FMR LLC increased its position in Banco de Chile by 1.8% in the 3rd quarter. FMR LLC now owns 858,889 shares of the bank’s stock valued at $21,738,000 after acquiring an additional 15,312 shares during the period. Alberta Investment Management Corp purchased a new stake in Banco de Chile during the 4th quarter valued at approximately $4,033,000. State Street Corp lifted its position in Banco de Chile by 293.4% during the 3rd quarter. State Street Corp now owns 128,448 shares of the bank’s stock worth $3,251,000 after acquiring an additional 95,797 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in Banco de Chile during the 3rd quarter worth approximately $2,411,000. Institutional investors and hedge funds own 1.24% of the company’s stock.

Banco de Chile Trading Up 0.8 %

NYSE BCH opened at $26.70 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $13.48 billion, a P/E ratio of 10.64, a P/E/G ratio of 6.08 and a beta of 0.39. Banco de Chile has a 52-week low of $21.19 and a 52-week high of $28.64. The firm has a 50-day moving average price of $26.28 and a 200 day moving average price of $24.53.

Banco de Chile Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st will be paid a dividend of $2.1037 per share. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, March 21st. Banco de Chile’s dividend payout ratio (DPR) is 53.78%.

Wall Street Analyst Weigh In

BCH has been the topic of a number of recent research reports. StockNews.com lowered Banco de Chile from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price objective on shares of Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, January 24th.

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.