Banco de Chile (NYSE:BCH) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Banco de Chile (NYSE:BCH) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.21 and traded as high as $26.32. Banco de Chile shares last traded at $25.89, with a volume of 231,125 shares.

Wall Street Analyst Weigh In

Several equities research analysts have commented 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 research note on Friday, January 24th. StockNews.com cut Banco de Chile from a “hold” rating to a “sell” rating in a research report on Wednesday.

Banco de Chile Price Performance

The company has a market capitalization of $13.08 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 6.08 and a beta of 0.44. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52. The business has a fifty day moving average price of $24.39 and a 200 day moving average price of $24.21.

Hedge Funds Weigh In On Banco de Chile

Large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp increased its stake in shares of Banco de Chile by 169.5% during the fourth quarter. Mackenzie Financial Corp now owns 29,891 shares of the bank’s stock valued at $678,000 after acquiring an additional 18,800 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Banco de Chile during the fourth quarter worth approximately $1,316,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Banco de Chile by 2.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,710 shares of the bank’s stock worth $1,286,000 after acquiring an additional 1,495 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new position in Banco de Chile in the 4th quarter worth about $11,494,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of Banco de Chile in the fourth quarter worth approximately $151,000. Institutional investors and hedge funds own 1.24% of the company’s stock.

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.