Robeco Institutional Asset Management B.V. Takes Position in Banco De Chile $BCH

Key Points

• Robeco Institutional Asset Management B.V. has acquired a new stake in Banco De Chile, purchasing 113,550 shares valued at approximately $3.45 million.
• Institutional investors have significantly increased their holdings, with Brooklyn Investment Group boosting its position by 823.3% in Q1.
• Banco De Chile reported earnings of $0.64 per share for the last quarter, exceeding analysts' expectations of $0.63, while revenue was slightly below estimates at $801.11 million.

Robeco Institutional Asset Management B.V. purchased a new stake in shares of Banco De Chile (NYSE:BCH - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 113,550 shares of the bank's stock, valued at approximately $3,454,000.

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group boosted its position in shares of Banco De Chile by 823.3% during the 1st quarter. Brooklyn Investment Group now owns 1,385 shares of the bank's stock valued at $37,000 after acquiring an additional 1,235 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Banco De Chile by 1,355.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,231 shares of the bank's stock valued at $98,000 after acquiring an additional 3,009 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Banco De Chile by 7.5% during the 2nd quarter. Parallel Advisors LLC now owns 6,141 shares of the bank's stock valued at $187,000 after acquiring an additional 428 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Banco De Chile during the 2nd quarter valued at about $223,000. Finally, Yousif Capital Management LLC bought a new stake in shares of Banco De Chile during the 1st quarter valued at about $206,000. Institutional investors own 1.24% of the company's stock.

Banco De Chile Stock Performance

NYSE:BCH opened at $30.46 on Tuesday. The business has a 50 day moving average of $29.28 and a 200 day moving average of $29.14. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 2.26 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 company has a debt-to-equity ratio of 2.09, a current ratio of 1.57 and a quick ratio of 1.57.

Banco De Chile (NYSE:BCH - Get Free Report) last released its earnings results on Thursday, July 31st. The bank reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. The company had revenue of $801.11 million during the quarter, compared to the consensus estimate of $820.11 million. Banco De Chile had a return on equity of 23.00% and a net margin of 32.62%. On average, sell-side analysts predict that Banco De Chile will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BCH. Wall Street Zen upgraded Banco De Chile from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Weiss Ratings restated a "hold (c)" rating on shares of Banco De Chile in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $23.00.

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.

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