200,000 Shares in Banco de Chile (NYSE:BCH) Acquired by Truffle Hound Capital LLC

Truffle Hound Capital LLC acquired a new position in shares of Banco de Chile (NYSE:BCH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 200,000 shares of the bank’s stock, valued at approximately $4,536,000. Banco de Chile comprises about 1.6% of Truffle Hound Capital LLC’s portfolio, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in Banco de Chile by 293.4% during the 3rd quarter. State Street Corp now owns 128,448 shares of the bank’s stock worth $3,251,000 after acquiring an additional 95,797 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Banco de Chile by 18,631.0% in the third quarter. BNP Paribas Financial Markets now owns 21,728 shares of the bank’s stock valued at $550,000 after buying an additional 21,612 shares in the last quarter. FMR LLC lifted its stake in Banco de Chile by 1.8% in the third quarter. FMR LLC now owns 858,889 shares of the bank’s stock valued at $21,738,000 after buying an additional 15,312 shares in the last quarter. Walleye Capital LLC bought a new position in Banco de Chile in the third quarter valued at approximately $638,000. Finally, Barclays PLC lifted its stake in Banco de Chile by 81.8% in the third quarter. Barclays PLC now owns 11,151 shares of the bank’s stock valued at $282,000 after buying an additional 5,016 shares in the last quarter. Institutional investors own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BCH shares. StockNews.com lowered shares of Banco de Chile from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on shares of 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 Price Performance

NYSE BCH opened at $26.35 on Friday. 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 has a 12-month low of $21.15 and a 12-month high of $28.64. The company has a market capitalization of $13.31 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 6.08 and a beta of 0.39. The firm’s 50 day moving average is $25.79 and its 200-day moving average is $24.43.

Banco de Chile Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st will be issued a $2.1037 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a dividend yield of 5.1%. Banco de Chile’s dividend payout ratio (DPR) is presently 53.78%.

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.