Banco de Chile (NYSE:BCH) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of Banco de Chile (NYSE:BCH) by 199.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 537,102 shares of the bank’s stock after buying an additional 357,982 shares during the quarter. Dimensional Fund Advisors LP owned 0.11% of Banco de Chile worth $15,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in Banco de Chile by 146.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,035 shares of the bank’s stock worth $29,000 after purchasing an additional 615 shares during the last quarter. Parallel Advisors LLC boosted its stake in Banco de Chile by 200.0% during the 4th quarter. Parallel Advisors LLC now owns 5,562 shares of the bank’s stock worth $159,000 after purchasing an additional 3,708 shares during the last quarter. Legal & General Group Plc boosted its stake in Banco de Chile by 200.0% during the 4th quarter. Legal & General Group Plc now owns 5,808 shares of the bank’s stock worth $167,000 after purchasing an additional 3,872 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Banco de Chile by 200.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 8,010 shares of the bank’s stock worth $229,000 after purchasing an additional 5,340 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in Banco de Chile by 309.1% during the 4th quarter. Greenleaf Trust now owns 12,649 shares of the bank’s stock worth $362,000 after purchasing an additional 9,557 shares during the last quarter. 2.09% of the stock is owned by institutional investors.

BCH traded down $0.40 on Monday, hitting $29.29. 55,000 shares of the company’s stock were exchanged, compared to its average volume of 58,734. Banco de Chile has a fifty-two week low of $27.04 and a fifty-two week high of $32.83. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s 50-day simple moving average is $28.62. The company has a market capitalization of $15.00 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.19 and a beta of 0.42.

Banco de Chile (NYSE:BCH) last posted its quarterly earnings results on Tuesday, May 7th. The bank reported $0.30 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.10). Banco de Chile had a return on equity of 16.66% and a net margin of 23.39%. The company had revenue of $594.90 million for the quarter, compared to analysts’ expectations of $719.98 million. As a group, equities research analysts forecast that Banco de Chile will post 1.83 EPS for the current fiscal year.

Separately, Zacks Investment Research cut shares of Banco de Chile from a “hold” rating to a “strong sell” rating in a research note on Friday, May 17th.

Banco de Chile Profile

Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. The company operates through four segments: Retail, Wholesale, Treasury and Money Market Operations, and Subsidiaries. It offers deposit products, such as checking accounts, current accounts, demand deposits, demand accounts, saving accounts, and time deposits; credit cards; installment loans; credit lines; and residential mortgage loans, as well as short and long term financing.

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Institutional Ownership by Quarter for Banco de Chile (NYSE:BCH)

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