Banco De Chile (NYSE:BCH) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Banco De Chile (NYSE:BCH - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

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 market capitalization of $15.24 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 6.33 and a beta of 0.25. The business's fifty day moving average is $30.32 and its two-hundred day moving average is $27.26. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.09.

Institutional Investors Weigh In On Banco De Chile

A number of large investors have recently added to or reduced their stakes in BCH. Silvercrest Asset Management Group LLC bought a new stake in Banco De Chile in the 4th quarter worth approximately $11,494,000. Itau Unibanco Holding S.A. grew its position in Banco De Chile by 104.6% in the 1st quarter. Itau Unibanco Holding S.A. now owns 437,338 shares of the bank's stock worth $11,054,000 after purchasing an additional 223,565 shares during the period. Truffle Hound Capital LLC bought a new stake in Banco De Chile in the 4th quarter worth approximately $4,536,000. Wellington Management Group LLP bought a new stake in Banco De Chile in the 4th quarter worth approximately $4,033,000. Finally, D. E. Shaw & Co. Inc. grew its position in Banco De Chile by 863.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 132,991 shares of the bank's stock worth $3,016,000 after purchasing an additional 119,187 shares during the period. Institutional investors own 1.24% of the company's stock.

About Banco De Chile

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.