Atlas Capital Advisors Inc. Boosts Stock Holdings in Banco de Chile (NYSE:BCH)

Atlas Capital Advisors Inc. lifted its holdings in Banco de Chile (NYSE:BCH) by 30.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,324 shares of the bank’s stock after acquiring an additional 1,487 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Banco de Chile were worth $143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Trexquant Investment LP bought a new position in Banco de Chile in the fourth quarter worth approximately $214,000. Wellington Management Group LLP bought a new position in shares of Banco de Chile in the 4th quarter worth $4,033,000. Brandywine Global Investment Management LLC lifted its stake in shares of Banco de Chile by 44.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 136,418 shares of the bank’s stock worth $3,094,000 after purchasing an additional 42,140 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Banco de Chile by 1.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank’s stock valued at $12,029,000 after purchasing an additional 7,749 shares in the last quarter. Finally, Truffle Hound Capital LLC purchased a new position in Banco de Chile in the fourth quarter valued at about $4,536,000. 1.24% of the stock is currently owned by institutional investors.

Banco de Chile Price Performance

Shares of BCH stock opened at $25.71 on Friday. The stock’s 50-day simple moving average is $26.41 and its 200-day simple moving average is $24.57. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 6.08 and a beta of 0.39. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. Banco de Chile has a fifty-two week low of $21.19 and a fifty-two week high of $28.64.

Banco de Chile Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target 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 downgraded shares of Banco de Chile from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th.

About Banco de Chile

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.