Banco De Chile (NYSE:BCH) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Banco De Chile (NYSE:BCH - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.49 and traded as high as $28.76. Banco De Chile shares last traded at $28.34, with a volume of 562,744 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Banco De Chile from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd.

Banco De Chile Stock Performance

The stock's 50-day moving average price is $30.15 and its 200-day moving average price is $27.54. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 5.93 and a beta of 0.25. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.48 and a current ratio of 1.48.

Institutional Trading of Banco De Chile

A number of institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group increased its position in shares of Banco De Chile by 823.3% in the first quarter. Brooklyn Investment Group now owns 1,385 shares of the bank's stock valued at $37,000 after buying an additional 1,235 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Banco De Chile by 14.5% during the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock worth $89,000 after buying an additional 493 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Banco De Chile by 1,355.4% in the second quarter. Farther Finance Advisors LLC now owns 3,231 shares of the bank's stock valued at $98,000 after buying an additional 3,009 shares during the last quarter. Atlas Capital Advisors Inc. raised its position in shares of Banco De Chile by 30.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock valued at $143,000 after buying an additional 1,487 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in Banco De Chile during the fourth quarter worth approximately $151,000. 1.24% of the stock is currently owned by hedge funds and other institutional investors.

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.