Investors Research Corp Has $702,000 Holdings in Banco de Chile (NYSE:BCH)

Investors Research Corp cut its position in shares of Banco de Chile (NYSE:BCH - Free Report) by 41.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,513 shares of the bank's stock after selling 18,487 shares during the quarter. Investors Research Corp's holdings in Banco de Chile were worth $702,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC grew its stake in shares of Banco de Chile by 14.5% during the 4th 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. R Squared Ltd acquired a new position in Banco de Chile during the fourth quarter worth $94,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Banco de Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock worth $100,000 after purchasing an additional 1,291 shares during the last quarter. Atlas Capital Advisors Inc. grew its position in Banco de Chile by 30.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock valued at $143,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in Banco de Chile in the 4th quarter valued at $151,000. Institutional investors and hedge funds own 1.24% of the company's stock.

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 Stock Up 0.2%

NYSE BCH traded up $0.05 during trading hours on Tuesday, hitting $30.26. 207,680 shares of the company traded hands, compared to its average volume of 231,306. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. The business's 50-day moving average is $28.90 and its 200-day moving average is $26.10. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 6.08 and a beta of 0.24. Banco de Chile has a twelve month low of $22.06 and a twelve month high of $31.84.

Banco de Chile Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were given a $2.1037 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, March 21st. Banco de Chile's dividend payout ratio (DPR) is presently 54.90%.

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.