Banco De Chile $BCH Shares Sold by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC significantly reduced its stake in Banco De Chile by 81.1%, selling 110,627 shares in the first quarter and leaving them with 25,791 shares valued at $683,000.
• Banco De Chile's stock has declined by 2.7% recently, with a current share price of $28.7250, and the firm has a market capitalization of $14.51 billion.
• The bank's latest earnings report showed an EPS of $0.64, slightly beating forecasts, but its revenue of $801.11 million fell short of analyst expectations of $820.11 million.

Brandywine Global Investment Management LLC decreased its position in Banco De Chile (NYSE:BCH - Free Report) by 81.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,791 shares of the bank's stock after selling 110,627 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Banco De Chile were worth $683,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC grew its holdings in Banco De Chile by 33.2% during the 1st quarter. Parallel Advisors LLC now owns 5,713 shares of the bank's stock valued at $151,000 after purchasing an additional 1,424 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in Banco De Chile in the 4th quarter valued at about $151,000. Yousif Capital Management LLC purchased a new position in Banco De Chile in the 1st quarter valued at about $206,000. Blue Trust Inc. grew its stake 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 acquiring an additional 539 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Banco De Chile during the fourth quarter worth about $184,000. 1.24% of the stock is owned by institutional investors and hedge funds.

Banco De Chile Stock Down 1.4%

Shares of BCH stock traded down $0.4030 during trading hours on Monday, hitting $28.6170. 310,502 shares of the company were exchanged, compared to its average volume of 253,868. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 2.16 and a beta of 0.24. Banco De Chile has a one year low of $22.06 and a one year high of $31.84. The business's 50-day simple moving average is $28.88 and its two-hundred day simple moving average is $28.52. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.57 and a current ratio of 1.57.

Banco De Chile (NYSE:BCH - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Banco De Chile had a return on equity of 23.00% and a net margin of 32.62%.The firm had revenue of $801.11 million for the quarter, compared to analysts' expectations of $820.11 million. Sell-side analysts predict that Banco De Chile will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Banco De Chile from a "sell" rating to a "hold" rating in a report on Friday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Banco De Chile currently has an average rating of "Hold" and a consensus target price of $23.00.

Banco De Chile 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.