Silvercrest Asset Management Group LLC Purchases Shares of 506,805 Banco de Chile (NYSE:BCH)

Silvercrest Asset Management Group LLC purchased a new position in Banco de Chile (NYSE:BCH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 506,805 shares of the bank's stock, valued at approximately $11,494,000. Silvercrest Asset Management Group LLC owned about 0.10% of Banco de Chile as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Signaturefd LLC lifted its stake in 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 acquired a new stake in shares of Banco de Chile during the fourth quarter worth $94,000. Mirae Asset Global Investments Co. Ltd. grew its position 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 buying an additional 1,291 shares in the last quarter. Atlas Capital Advisors Inc. increased its position in shares of Banco de Chile by 30.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock worth $143,000 after purchasing an additional 1,487 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in shares of Banco de Chile during the fourth quarter worth $151,000. 1.24% of the stock is owned by institutional investors and hedge funds.

Banco de Chile Stock Up 0.8%

Shares of NYSE BCH traded up $0.25 during mid-day trading on Wednesday, reaching $31.28. 204,049 shares of the company's stock traded hands, compared to its average volume of 227,587. 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 business has a 50-day simple moving average of $28.34 and a 200 day simple moving average of $25.61. The stock has a market cap of $15.80 billion, a P/E ratio of 12.46, a PEG 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 disclosed an annual dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 21st were paid a dividend of $2.1037 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a dividend yield of 5.1%. Banco de Chile's payout ratio is 54.90%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BCH shares. StockNews.com upgraded Banco de Chile from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on Banco de Chile from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th.

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.