Banco de Chile (NYSE:BCH) Hits New 52-Week Low - Time to Sell?

Banco de Chile (NYSE:BCH - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $29.23 and last traded at $29.47, with a volume of 272240 shares. The stock had previously closed at $30.09.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BCH shares. StockNews.com raised Banco de Chile from a "sell" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on 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 Trading Up 0.3 %

The company's fifty day moving average price is $27.35 and its two-hundred day moving average price is $25.06. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 6.08 and a beta of 0.31.

Banco de Chile Dividend Announcement

The firm 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 54.90%.

Hedge Funds Weigh In On Banco de Chile

A number of institutional investors and hedge funds have recently bought and sold shares of BCH. Signaturefd LLC raised its holdings in shares of Banco de Chile by 14.5% in the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after buying an additional 493 shares during the last quarter. R Squared Ltd acquired a new stake in Banco de Chile in the 4th quarter valued at about $94,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Banco de Chile by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock worth $100,000 after acquiring an additional 1,291 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Banco de Chile by 33.2% during the first quarter. Parallel Advisors LLC now owns 5,713 shares of the bank's stock worth $151,000 after purchasing an additional 1,424 shares in the last quarter. Finally, Atlas Capital Advisors Inc. grew 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 valued at $143,000 after purchasing an additional 1,487 shares during the last quarter. Institutional investors and hedge funds own 1.24% of the company's stock.

Banco de Chile Company 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.