Banco de Chile (NYSE:BCH) Upgraded at StockNews.com

StockNews.com upgraded shares of Banco de Chile (NYSE:BCH) from a sell rating to a hold rating in a research note published on Saturday.

Separately, JPMorgan Chase & Co. lifted their price target on shares of Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, January 24th.

Banco de Chile Price Performance

Shares of NYSE:BCH opened at $25.97 on Friday. 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 company has a market cap of $13.12 billion, a P/E ratio of 9.31 and a beta of 0.44. Banco de Chile has a 52 week low of $20.93 and a 52 week high of $26.06. The company has a 50-day moving average price of $23.50 and a 200 day moving average price of $23.93.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Banco de Chile during the 3rd quarter worth approximately $36,000. Signaturefd LLC raised its position in shares of Banco de Chile by 14.5% during the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock worth $89,000 after purchasing an additional 493 shares during the last quarter. R Squared Ltd acquired a new position in shares of Banco de Chile during the 4th quarter worth approximately $94,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Banco de Chile by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock worth $100,000 after acquiring an additional 1,291 shares during the period. Finally, Creative Planning purchased a new stake in Banco de Chile in the 3rd quarter worth approximately $225,000. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco de Chile Company 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.