Banco de Chile (NYSE:BCH) Sets New 1-Year High – Should You Buy?

Shares of Banco de Chile (NYSE:BCH) reached a new 52-week high on Monday . The company traded as high as $25.97 and last traded at $25.92, with a volume of 29482 shares trading hands. The stock had previously closed at $25.74.

Analyst Ratings Changes

BCH has been the topic of a number of research reports. StockNews.com upgraded shares of Banco de Chile from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. lifted their target price on Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, January 24th.

Banco de Chile Trading Up 1.8 %

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $13.33 billion, a P/E ratio of 9.44 and a beta of 0.44. The business has a fifty day moving average price of $23.56 and a 200 day moving average price of $23.95.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in Banco de Chile during the third quarter worth about $36,000. Signaturefd LLC lifted its position in shares of Banco de Chile by 14.5% in the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock valued at $89,000 after buying an additional 493 shares during the last quarter. R Squared Ltd bought a new position in shares of Banco de Chile during the 4th quarter worth approximately $94,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Banco de Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock worth $100,000 after acquiring an additional 1,291 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of Banco de Chile during the 3rd quarter worth approximately $225,000. Institutional investors and hedge funds own 1.24% of the company’s stock.

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.