Banco De Chile (NYSE:BCH) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Banco De Chile (NYSE:BCH - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.20 and traded as high as $30.54. Banco De Chile shares last traded at $30.18, with a volume of 326,232 shares.

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 Price Performance

The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.09. The stock has a market cap of $14.86 billion, a PE ratio of 10.29, a P/E/G ratio of 6.33 and a beta of 0.25. The business has a 50 day moving average price of $30.29 and a 200 day moving average price of $27.31.

Hedge Funds Weigh In On Banco De Chile

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in Banco De Chile by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,335,194 shares of the bank's stock valued at $30,282,000 after purchasing an additional 29,300 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Banco De Chile by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 813,238 shares of the bank's stock valued at $18,443,000 after acquiring an additional 38,232 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Banco De Chile by 1.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank's stock valued at $12,029,000 after acquiring an additional 7,749 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of Banco De Chile in the fourth quarter valued at approximately $11,494,000. Finally, Marshall Wace LLP increased its holdings in shares of Banco De Chile by 36.2% in the fourth quarter. Marshall Wace LLP now owns 440,004 shares of the bank's stock valued at $9,979,000 after purchasing an additional 117,045 shares during the last quarter. Hedge funds and other institutional investors 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.