Rhumbline Advisers Sells 9,760 Shares of Banco De Chile (NYSE:BCH)

Rhumbline Advisers reduced its holdings in Banco De Chile (NYSE:BCH - Free Report) by 29.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in Banco De Chile in the 4th quarter worth approximately $300,000. Amundi raised its holdings in shares of Banco De Chile by 27.1% during the fourth quarter. Amundi now owns 37,533 shares of the bank's stock worth $849,000 after acquiring an additional 8,000 shares in the last quarter. Signaturefd LLC raised its holdings 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 worth $89,000 after acquiring an additional 493 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Banco De Chile during the fourth quarter valued at $836,000. Finally, Truffle Hound Capital LLC purchased a new position in Banco De Chile in the fourth quarter valued at about $4,536,000. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco De Chile Stock Down 0.3%

NYSE BCH traded down $0.10 during trading on Wednesday, reaching $29.47. The company's stock had a trading volume of 226,345 shares, compared to its average volume of 235,985. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $14.88 billion, a PE ratio of 10.30, a PEG ratio of 6.12 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. The business has a 50-day moving average price of $30.16 and a 200-day moving average price of $26.86.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised 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.