Advisors Preferred LLC Purchases New Position in Banco De Chile (NYSE:BCH)

Advisors Preferred LLC acquired a new position in shares of Banco De Chile (NYSE:BCH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,641 shares of the bank's stock, valued at approximately $819,000.

Several other large investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in Banco De Chile by 7.4% during the first quarter. Blue Trust Inc. now owns 7,798 shares of the bank's stock worth $207,000 after acquiring an additional 539 shares during the last quarter. Quadrant Capital Group LLC grew its stake 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. Parallel Advisors LLC grew its stake in shares of Banco De Chile by 33.2% during the first quarter. Parallel Advisors LLC now owns 5,713 shares of the bank's stock valued at $151,000 after buying an additional 1,424 shares during the last quarter. Atlas Capital Advisors Inc. grew its stake in shares of Banco De Chile by 30.7% during 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Banco De Chile by 2.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,710 shares of the bank's stock valued at $1,286,000 after buying an additional 1,495 shares during the last quarter. 1.24% of the stock is owned by institutional investors.

Banco De Chile Trading Down 1.7%

Shares of BCH traded down $0.47 during mid-day trading on Friday, reaching $27.63. 201,871 shares of the company's stock traded hands, compared to its average volume of 380,582. The stock has a market cap of $13.96 billion, a P/E ratio of 9.66, a P/E/G ratio of 5.90 and a beta of 0.25. The stock's 50-day moving average is $29.78 and its two-hundred day moving average is $27.82. Banco De Chile has a 12 month low of $22.06 and a 12 month high of $31.84. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.48 and a quick ratio of 1.48.

Wall Street Analysts Forecast Growth

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

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.