Advisors Preferred LLC Buys Shares of 30,641 Banco De Chile (NYSE:BCH)

Advisors Preferred LLC bought a new position in shares of Banco De Chile (NYSE:BCH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,641 shares of the bank's stock, valued at approximately $819,000.

Several other hedge funds have also made changes to their positions in BCH. Atlas Capital Advisors Inc. boosted 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 worth $143,000 after buying an additional 1,487 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Banco De Chile during the fourth quarter worth about $151,000. Parallel Advisors LLC boosted 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 worth $151,000 after buying an additional 1,424 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Banco De Chile during the fourth quarter worth about $184,000. Finally, Quadrant Capital Group LLC boosted 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 worth $206,000 after buying an additional 793 shares during the period. Institutional investors and hedge funds own 1.24% of the company's stock.

Banco De Chile Stock Performance

NYSE:BCH traded down $0.47 during mid-day trading on Friday, reaching $27.63. The stock had a trading volume of 201,871 shares, compared to its average volume of 380,582. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 5.80 and a beta of 0.25. Banco De Chile has a twelve month low of $22.06 and a twelve month high of $31.84. The business has a 50 day simple moving average of $29.78 and a 200 day simple moving average of $27.85.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen 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 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.