Barclays PLC Buys 5,016 Shares of Banco de Chile (NYSE:BCH)

Barclays PLC grew its position in shares of Banco de Chile (NYSE:BCH) by 81.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,151 shares of the bank’s stock after buying an additional 5,016 shares during the quarter. Barclays PLC’s holdings in Banco de Chile were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Banco de Chile in the third quarter worth approximately $36,000. Creative Planning bought a new position in Banco de Chile in the third quarter worth approximately $225,000. Quantinno Capital Management LP purchased a new position in shares of Banco de Chile during the 3rd quarter worth $261,000. Blue Trust Inc. grew its position in shares of Banco de Chile by 69.7% during the 3rd quarter. Blue Trust Inc. now owns 11,140 shares of the bank’s stock valued at $282,000 after acquiring an additional 4,576 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Banco de Chile during the 3rd quarter valued at $333,000. 1.24% of the stock is currently owned by hedge funds and other institutional investors.

Banco de Chile Price Performance

Shares of Banco de Chile stock opened at $23.47 on Tuesday. The stock has a market cap of $11.85 billion, a P/E ratio of 8.41 and a beta of 0.44. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s fifty day moving average is $22.97 and its 200 day moving average is $23.83. Banco de Chile has a one year low of $20.93 and a one year high of $25.97.

Banco de Chile (NYSE:BCH) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03). The firm had revenue of $980.10 million for the quarter, compared to analysts’ expectations of $796.96 million. Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. Sell-side analysts anticipate that Banco de Chile will post 2.5 earnings per share for the current year.

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.