Banco De Chile (NYSE:BCH) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Banco De Chile (NYSE:BCH - Get Free Report)'s share price crossed 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 changing hands.

Wall Street Analyst Weigh In

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

Banco De Chile Stock Performance

The company has a debt-to-equity ratio of 2.09, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a fifty day simple moving average of $30.32 and a 200 day simple moving average of $27.26. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 6.33 and a beta of 0.25.

Hedge Funds Weigh In On Banco De Chile

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its position in 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 acquiring an additional 493 shares during the period. Blue Trust Inc. raised its position in shares of Banco De Chile by 7.4% during the first quarter. Blue Trust Inc. now owns 7,798 shares of the bank's stock valued at $207,000 after buying an additional 539 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Banco De Chile by 9.6% during the fourth quarter. Quadrant Capital Group LLC now owns 9,084 shares of the bank's stock valued at $206,000 after buying an additional 793 shares during the last quarter. Brooklyn Investment Group lifted its stake 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 during the period. Finally, Parallel Advisors LLC grew its position in 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 buying an additional 1,424 shares in 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.