Banco De Chile (NYSE:BCH) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Banco De Chile (NYSE:BCH) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.58 and traded as high as $40.82. Banco De Chile shares last traded at $39.73, with a volume of 205,077 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BCH. Weiss Ratings cut shares of Banco De Chile from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. UBS Group set a $39.00 target price on Banco De Chile and gave the company a “neutral” rating in a research report on Friday, May 22nd. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $37.00.

Banco De Chile Stock Performance

The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.00. The firm’s fifty day moving average is $38.40 and its 200 day moving average is $39.60. The company has a market cap of $20.55 billion, a PE ratio of 16.81 and a beta of 0.23.

Banco De Chile (NYSE:BCH) last posted its quarterly earnings data on Tuesday, March 31st. The bank reported $0.57 earnings per share (EPS) for the quarter. Banco De Chile had a net margin of 29.95% and a return on equity of 19.47%. The business had revenue of $321.27 million for the quarter. As a group, research analysts predict that Banco De Chile will post 2.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco De Chile

Several hedge funds and other institutional investors have recently made changes to their positions in BCH. Caitong International Asset Management Co. Ltd raised its stake in Banco De Chile by 33,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 680 shares of the bank’s stock valued at $26,000 after purchasing an additional 678 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Banco De Chile by 161.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $46,000 after purchasing an additional 929 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Banco De Chile during the 1st quarter worth $53,000. Smartleaf Asset Management LLC grew its holdings in shares of Banco De Chile by 286.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,722 shares of the bank’s stock worth $66,000 after buying an additional 1,276 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Banco De Chile by 2,425.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the bank’s stock worth $76,000 after buying an additional 2,401 shares in the last quarter. Hedge funds and other institutional investors own 1.24% of the company’s stock.

About Banco De Chile

Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.

The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.