Blue Trust Inc. Boosts Stake in Banco de Chile (NYSE:BCH)

Blue Trust Inc. increased its position in Banco de Chile (NYSE:BCH) by 629.3% in the second quarter, HoldingsChannel reports. The firm owned 6,564 shares of the bank’s stock after purchasing an additional 5,664 shares during the quarter. Blue Trust Inc.’s holdings in Banco de Chile were worth $146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its stake in Banco de Chile by 569.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,279 shares of the bank’s stock worth $28,000 after purchasing an additional 1,088 shares during the period. Parallel Advisors LLC grew its position in shares of Banco de Chile by 163.9% in the 4th quarter. Parallel Advisors LLC now owns 1,581 shares of the bank’s stock worth $36,000 after buying an additional 982 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Banco de Chile by 335.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,918 shares of the bank’s stock worth $44,000 after acquiring an additional 1,478 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Banco de Chile by 68.1% during the 4th quarter. Quadrant Capital Group LLC now owns 7,710 shares of the bank’s stock valued at $178,000 after acquiring an additional 3,123 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Banco de Chile during the fourth quarter worth about $214,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Banco de Chile Trading Up 1.2 %

Banco de Chile stock opened at $25.06 on Tuesday. Banco de Chile has a 12 month low of $19.20 and a 12 month high of $25.13. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 8.44 and a beta of 0.40. The business’s fifty day simple moving average is $23.50 and its two-hundred day simple moving average is $23.13. The company has a current ratio of 1.47, a quick ratio of 1.48 and a debt-to-equity ratio of 2.29.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Banco de Chile from a “sell” rating to a “hold” rating in a research note on Friday, July 19th.

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.