Banco De Chile (NYSE:BCH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of Banco De Chile (NYSE:BCH - Free Report) by 29.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,309 shares of the bank's stock after selling 9,760 shares during the period. Rhumbline Advisers' holdings in Banco De Chile were worth $617,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased its position in shares of Banco De Chile by 14.5% during the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after acquiring an additional 493 shares during the last quarter. Parallel Advisors LLC boosted its position in Banco De Chile by 33.2% in the 1st 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 period. Atlas Capital Advisors Inc. boosted its position in Banco De Chile by 30.7% in the 4th 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 period. Raiffeisen Bank International AG acquired a new position in shares of Banco De Chile in the fourth quarter worth $151,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Banco De Chile during the fourth quarter worth $184,000. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco De Chile Stock Performance

Shares of BCH opened at $29.39 on Friday. The stock has a 50-day simple moving average of $30.08 and a 200-day simple moving average of $26.78. 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 stock has a market capitalization of $14.85 billion, a PE ratio of 10.28, a PEG ratio of 6.16 and a beta of 0.26. Banco De Chile has a 1 year low of $22.06 and a 1 year high of $31.84.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded 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.

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