Wealthedge Investment Advisors LLC Buys Shares of 11,616 Banco de Chile (NYSE:BCH)

Wealthedge Investment Advisors LLC bought a new stake in shares of Banco de Chile (NYSE:BCH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,616 shares of the bank's stock, valued at approximately $263,000.

Several other institutional investors also recently bought and sold shares of BCH. Signaturefd LLC raised its position 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 valued at $89,000 after buying an additional 493 shares during the period. Quadrant Capital Group LLC raised its position in Banco de Chile by 9.6% in the fourth quarter. Quadrant Capital Group LLC now owns 9,084 shares of the bank's stock valued at $206,000 after purchasing an additional 793 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Banco de Chile by 41.3% in the fourth 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 in the last quarter. Atlas Capital Advisors Inc. grew its stake 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 acquiring an additional 1,487 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Banco de Chile by 2.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,710 shares of the bank's stock worth $1,286,000 after purchasing an additional 1,495 shares in the last quarter. 1.24% of the stock is currently owned by institutional investors and hedge funds.

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 Performance

NYSE BCH traded down $0.43 during trading hours on Friday, hitting $30.14. The company had a trading volume of 717,216 shares, compared to its average volume of 229,358. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. Banco de Chile has a 1-year low of $22.06 and a 1-year high of $31.84. The company has a market cap of $15.22 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 6.08 and a beta of 0.24. The business has a 50 day moving average of $28.84 and a 200-day moving average of $26.01.

Banco de Chile Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were issued a $2.1037 dividend. 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%.

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.