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

Banco de Chile (NYSE:BCH)’s stock price crossed 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Banco de Chile from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. StockNews.com cut shares of Banco de Chile from a “hold” rating to a “sell” rating in a report on Wednesday.

Banco de Chile Trading Down 1.2 %

The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $13.08 billion, a PE ratio of 10.32, a PEG ratio of 6.08 and a beta of 0.44. The business’s 50-day moving average is $24.39 and its two-hundred day moving average is $24.21.

Institutional Trading of Banco de Chile

Institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Banco de Chile in the 3rd quarter valued at $36,000. Signaturefd LLC lifted its position in Banco de Chile by 14.5% during the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock worth $89,000 after acquiring an additional 493 shares during the period. R Squared Ltd purchased a new position in shares of Banco de Chile in the 4th quarter valued at approximately $94,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Banco de Chile by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock valued at $100,000 after purchasing an additional 1,291 shares during the period. Finally, Atlas Capital Advisors Inc. increased its holdings in shares of Banco de Chile by 30.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank’s stock valued at $143,000 after purchasing an additional 1,487 shares during the period. 1.24% of the stock is owned by hedge funds and other institutional investors.

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.