Banco de Chile (NYSE:BCH – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 267,900 shares, a drop of 27.5% from the February 13th total of 369,600 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 242,700 shares, the days-to-cover ratio is currently 1.1 days.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on BCH shares. JPMorgan Chase & Co. lifted their price objective on shares of Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, January 24th. StockNews.com lowered shares of Banco de Chile from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th.
Get Our Latest Analysis on Banco de Chile
Hedge Funds Weigh In On Banco de Chile
Banco de Chile Stock Up 1.9 %
NYSE BCH traded up $0.52 during trading hours on Friday, hitting $27.72. 183,642 shares of the company traded hands, compared to its average volume of 214,675. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. The business’s 50-day moving average is $25.25 and its 200-day moving average is $24.33. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 6.08 and a beta of 0.39. Banco de Chile has a twelve month low of $20.93 and a twelve month high of $27.81.
Banco de Chile Announces Dividend
The company also recently announced an annual dividend, which will be paid on Thursday, April 3rd. Investors of record on Friday, March 21st will be paid a $2.1037 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a dividend yield of 5.1%. Banco de Chile’s dividend payout ratio is presently 53.78%.
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.
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