Robeco Institutional Asset Management B.V. Buys 11,609 Shares of Banco de Chile (NYSE:BCH)

Robeco Institutional Asset Management B.V. boosted its stake in Banco de Chile (NYSE:BCH) by 20.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,099 shares of the bank’s stock after acquiring an additional 11,609 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Banco de Chile were worth $1,698,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in Banco de Chile in the 3rd quarter valued at $36,000. Vanguard Personalized Indexing Management LLC lifted its position in Banco de Chile by 31.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank’s stock valued at $351,000 after acquiring an additional 3,730 shares in the last quarter. Blue Trust Inc. lifted its position in Banco de Chile by 69.7% in 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 in the last quarter. Advisors Asset Management Inc. lifted its position in Banco de Chile by 21.1% in the 1st quarter. Advisors Asset Management Inc. now owns 44,380 shares of the bank’s stock valued at $988,000 after acquiring an additional 7,719 shares in the last quarter. Finally, Creative Planning bought a new stake in Banco de Chile in the 3rd quarter valued at $225,000. 1.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Banco de Chile from a “sell” rating to a “hold” rating in a research note on Friday, July 19th.

Banco de Chile Price Performance

Shares of BCH stock opened at $23.29 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.99. Banco de Chile has a 1 year low of $20.29 and a 1 year high of $25.97. The firm’s fifty day moving average price is $24.43 and its two-hundred day moving average price is $23.94.

Banco de Chile (NYSE:BCH) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.03). Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. The business had revenue of $980.10 million during the quarter, compared to analyst estimates of $796.96 million. As a group, analysts expect that Banco de Chile will post 2.51 EPS for the current year.

Banco de Chile Company Profile

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.