23,000 Shares in Banco de Chile (NYSE:BCH) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in shares of Banco de Chile (NYSE:BCH - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,000 shares of the bank's stock, valued at approximately $522,000.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Banco de Chile by 14.5% in the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after purchasing an additional 493 shares during the last quarter. R Squared Ltd bought a new position in Banco de Chile in the fourth quarter valued at approximately $94,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Banco de Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock worth $100,000 after acquiring an additional 1,291 shares during the period. Atlas Capital Advisors Inc. lifted its stake in shares of 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 purchasing an additional 1,487 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in shares of Banco de Chile in the 4th quarter worth $184,000. 1.24% of the stock is owned by institutional investors.

Banco de Chile Trading Down 0.6%

BCH traded down $0.20 during mid-day trading on Wednesday, hitting $30.74. The stock had a trading volume of 46,838 shares, compared to its average volume of 225,361. The stock's fifty day simple moving average is $28.62 and its 200-day simple moving average is $25.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52. The firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 6.08 and a beta of 0.24. Banco de Chile has a 1-year low of $22.06 and a 1-year high of $31.84.

Banco de Chile Dividend Announcement

The business also recently declared an annual dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 21st were paid a $2.1037 dividend. This represents a yield of 5.1%. The ex-dividend date was Friday, March 21st. Banco de Chile's payout ratio is currently 54.90%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Banco de Chile from a "sell" rating to a "hold" rating in a report 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.