Renaissance Technologies LLC Acquires 800 Shares of Banco de Chile (NYSE:BCH)

Renaissance Technologies LLC increased its position in Banco de Chile (NYSE:BCH) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,279,294 shares of the bank’s stock after purchasing an additional 800 shares during the quarter. Renaissance Technologies LLC’s holdings in Banco de Chile were worth $28,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Liontrust Investment Partners LLP purchased a new position in shares of Banco de Chile in the 2nd quarter valued at approximately $294,000. Alberta Investment Management Corp lifted its stake in shares of Banco de Chile by 215.2% in the 4th quarter. Alberta Investment Management Corp now owns 146,633 shares of the bank’s stock valued at $3,384,000 after purchasing an additional 100,108 shares during the period. Wellington Management Group LLP lifted its stake in shares of Banco de Chile by 143.6% in the 4th quarter. Wellington Management Group LLP now owns 280,716 shares of the bank’s stock valued at $6,479,000 after purchasing an additional 165,467 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Banco de Chile by 569.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,279 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,088 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Banco de Chile in the 4th quarter valued at approximately $263,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Banco de Chile Stock Up 0.5 %

Shares of NYSE:BCH opened at $24.56 on Friday. The stock has a fifty day simple moving average of $24.37 and a two-hundred day simple moving average of $23.47. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 8.27 and a beta of 0.40. Banco de Chile has a 12-month low of $19.20 and a 12-month high of $25.72. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.29.

Banco de Chile (NYSE:BCH) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Banco de Chile had a return on equity of 22.72% and a net margin of 28.99%. The business had revenue of $810.22 million during the quarter, compared to analysts’ expectations of $767.15 million. On average, research analysts anticipate that Banco de Chile will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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.