Cubist Systematic Strategies LLC Sells 13,457 Shares of Banco de Chile (NYSE:BCH)

Cubist Systematic Strategies LLC reduced its stake in shares of Banco de Chile (NYSE:BCH - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,253 shares of the bank's stock after selling 13,457 shares during the period. Cubist Systematic Strategies LLC's holdings in Banco de Chile were worth $505,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BCH. Signaturefd LLC raised its stake in shares of Banco de Chile by 14.5% in the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after acquiring an additional 493 shares during the period. R Squared Ltd acquired a new stake in Banco de Chile in the fourth quarter valued at $94,000. Mirae Asset Global Investments Co. Ltd. raised its position in Banco de Chile by 41.3% during 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. Atlas Capital Advisors Inc. raised its position in shares of Banco de Chile by 30.7% during the 4th quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock worth $143,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in Banco de Chile in the 4th quarter valued at approximately $184,000. 1.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BCH. JPMorgan Chase & Co. lifted their target price on shares of Banco de Chile from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. StockNews.com upgraded shares of Banco de Chile from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd.

Banco de Chile Stock Performance

BCH stock traded up $0.40 during midday trading on Wednesday, reaching $31.43. The company had a trading volume of 7,676 shares, compared to its average volume of 226,428. 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 stock has a 50 day moving average price of $28.34 and a 200 day moving average price of $25.61. The firm has a market capitalization of $15.87 billion, a PE ratio of 12.52, a P/E/G ratio of 6.08 and a beta of 0.24. Banco de Chile has a fifty-two week low of $22.06 and a fifty-two week high of $31.84.

Banco de Chile Dividend Announcement

The firm also recently announced 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. This represents a yield of 5.1%. The ex-dividend date of this dividend was Friday, March 21st. Banco de Chile's payout ratio is 54.90%.

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.