Raiffeisen Bank International AG Invests $151,000 in Banco de Chile (NYSE:BCH)

Raiffeisen Bank International AG bought a new position in shares of Banco de Chile (NYSE:BCH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,700 shares of the bank’s stock, valued at approximately $151,000.

Several other hedge funds have also made changes to their positions in BCH. Signaturefd LLC boosted its stake in shares of Banco de Chile by 14.5% during the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock worth $89,000 after buying an additional 493 shares during the period. R Squared Ltd acquired a new stake in shares of Banco de Chile during the fourth quarter worth about $94,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Banco de Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock worth $100,000 after buying an additional 1,291 shares during the period. Atlas Capital Advisors Inc. boosted its stake in shares of Banco de Chile by 30.7% during the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank’s stock worth $143,000 after buying an additional 1,487 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Banco de Chile during the fourth quarter worth about $184,000. Institutional investors and hedge funds own 1.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BCH shares. JPMorgan Chase & Co. increased their target price on shares of Banco de Chile from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. StockNews.com raised shares of Banco de Chile from a “sell” rating to a “hold” rating in a report on Friday, May 2nd.

Banco de Chile Trading Down 1.0%

NYSE BCH opened at $31.15 on Monday. The stock has a market capitalization of $15.74 billion, a P/E ratio of 12.41, a P/E/G ratio of 6.08 and a beta of 0.24. Banco de Chile has a 52-week low of $22.06 and a 52-week high of $31.84. The firm has a 50-day moving average price of $28.17 and a 200 day moving average price of $25.52. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92.

Banco de Chile Announces Dividend

The company also recently declared an annual dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 21st were issued a dividend of $2.1037 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a yield of 5.1%. Banco de Chile’s dividend payout ratio is currently 54.90%.

Banco de Chile 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.