Banco de Chile (NYSE:BCH) Short Interest Up 86.4% in January

Banco de Chile (NYSE:BCHGet Free Report) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 445,000 shares, an increase of 86.4% from the January 15th total of 238,700 shares. Based on an average daily volume of 116,900 shares, the short-interest ratio is currently 3.8 days. Currently, 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BCH. HSBC cut shares of Banco de Chile from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Jefferies Financial Group assumed coverage on shares of Banco de Chile in a research report on Monday, October 16th. They issued a “hold” rating and a $21.00 price objective for the company.

Check Out Our Latest Analysis on BCH

Institutional Investors Weigh In On Banco de Chile

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in Banco de Chile by 99.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,517 shares of the bank’s stock worth $35,000 after acquiring an additional 757 shares during the period. Parallel Advisors LLC raised its stake in Banco de Chile by 163.9% during the fourth quarter. Parallel Advisors LLC now owns 1,581 shares of the bank’s stock worth $36,000 after acquiring an additional 982 shares during the period. Tower Research Capital LLC TRC raised its stake in Banco de Chile by 473.9% during the third quarter. Tower Research Capital LLC TRC now owns 2,663 shares of the bank’s stock worth $47,000 after acquiring an additional 2,199 shares during the period. Blue Trust Inc. increased its stake in shares of Banco de Chile by 737.6% in the fourth quarter. Blue Trust Inc. now owns 2,697 shares of the bank’s stock valued at $62,000 after purchasing an additional 2,375 shares during the period. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of Banco de Chile in the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 1.12% of the company’s stock.

Banco de Chile Stock Performance

Shares of BCH stock opened at $22.43 on Tuesday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.59 and a current ratio of 1.56. Banco de Chile has a one year low of $17.96 and a one year high of $23.80. The company’s 50-day simple moving average is $22.49 and its 200-day simple moving average is $21.48. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 7.48 and a beta of 0.39.

Banco de Chile Dividend Announcement

The firm also recently disclosed a Variable dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 22nd will be paid a dividend of $1.09 per share. The ex-dividend date is Thursday, March 21st. This represents a yield of 4.8%. Banco de Chile’s dividend payout ratio (DPR) is 54.00%.

Banco de Chile Company Profile

(Get Free Report)

Banco de Chile, together with its subsidiaries, provides various banking and financial products and services to customers in Chile. It operates through Retail Banking, Wholesale Banking, and Treasury and Money Market segments. The company offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, consumer, working capital, syndicated, and installment loans; and credit cards.

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