The company is so far trading up since yesterday’s close of $81.55. Company shares last traded at $83.48 a tad higher than the 50 day moving average which is $77.07 and barely above the 200 day moving average of $73.55. The 50 day moving average went up $6.26 or +8.12% whereas the 200 day moving average was up $9.78 or +13.29%.
Banco de Chile is a full service financial institution, which is involved in providing credit and non-credit products and services in Chile. The Bank operates through Retail, Wholesale, Treasury and Subsidiaries segments. The Bank is a commercial bank, which offers a range of banking services to its customers, ranging from individuals to corporations. The Bank’s services are managed in corporate banking, middle and small corporate banking, personal banking services and retail. The Bank also offers international, as well as treasury banking services. The Bank also offers business banking and small business banking services. The Bank’s subsidiaries provide other services, including securities brokerage, mutual fund and investment management, insurance brokerage, financial advisory and securitization..
The following firms have also recently changed their position in BCH. Tower Research Capital LLC (trc) added to its stake by buying 126 shares an increase of 21.1% from 06/30/2016 to 03/31/2017. Tower Research Capital LLC (trc) owns 723 shares worth $52,000. The total value of its holdings increased 36.8%. Goldman Sachs Group Inc expanded its ownership by buying 13,008 shares an increase of 10.4%. Goldman Sachs Group Inc now holds 137,824 shares with a value of $9,945,000. The value of the position overall is up by 13.1%.
Invesco Ltd. bolstered its position by buying 174,964 shares an increase of 1,281.6% in the quarter. Invesco Ltd. currently owns 188,616 shares valued at $13,611,000. The value of the position overall is up by 1,314.9%. As of quarter end AQR Capital Management LLC had acquired 16,468 shares growing its stake by 21.2%. The value of the total investment in Banco De Chile Banco De Chile A increased from $5,474,000 to $6,795,000 increasing 24.1% for the reporting period.
On August 15, 2016 the stock rating was changed to a “Hold” according to a Standpoint Research report a cut from the previous “Buy” rating. On July 15 the company was rated “Outperform” in a report from Scotia Bank which is up from the previous “” rating.
On April 7 Barclays maintained a stock rating of “Overweight” and moved down the price target from $72.00 to $71.50. On August 26 the company was upgraded to “Buy” from “Hold” with a current price target of $75.00 in a report issued by Standpoint Research.
November 6 investment analysts at JP Morgan kept the company rating at “Overweight” and lowered the price expectation to $90.00 from $93.00. On July 7 JP Morgan made no change to the company rating of “Neutral” and raised the price target from $90.00 to $93.00.
The company also recently declared a dividend paid on Monday the 3rd of April 2017. The dividend payment was $0.660 per share for the quarter which is $2.64 annualized. This dividend represents a yeild of $3.28 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 15th of March 2017.
The P/E ratio is 15.43 and market cap is 13.56B. In the last earnings report the EPS was $5.40 and is expected to be $5.30 for the current year with 162,707,000 shares outstanding. Next quarter’s EPS is expected be $1.32 and the next full year EPS is projected to be $5.94.