Atlas Capital Advisors Inc. Increases Holdings in Banco de Chile (NYSE:BCH)

Atlas Capital Advisors Inc. increased its stake in Banco de Chile (NYSE:BCH) by 30.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,324 shares of the bank’s stock after acquiring an additional 1,487 shares during the period. Atlas Capital Advisors Inc.’s holdings in Banco de Chile were worth $143,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in Banco de Chile by 14.5% during the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock valued at $89,000 after acquiring an additional 493 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 purchasing an additional 1,291 shares during the period. R Squared Ltd bought a new position in Banco de Chile during the 4th quarter valued at about $94,000. Blue Trust Inc. raised its position in Banco de Chile by 39.8% in the 4th quarter. Blue Trust Inc. now owns 15,574 shares of the bank’s stock worth $353,000 after purchasing an additional 4,434 shares during the period. Finally, Barclays PLC lifted its stake in Banco de Chile by 81.8% in the third quarter. Barclays PLC now owns 11,151 shares of the bank’s stock worth $282,000 after purchasing an additional 5,016 shares during the last quarter. 1.24% of the stock is owned by institutional investors.

Banco de Chile Price Performance

Banco de Chile stock opened at $25.71 on Friday. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 6.08 and a beta of 0.39. The firm has a 50-day moving average of $26.41 and a two-hundred day moving average of $24.57. Banco de Chile has a 1 year low of $21.19 and a 1 year high of $28.64. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52.

Banco de Chile Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 21st were paid a $2.1037 dividend. The ex-dividend date was Friday, March 21st. This represents a yield of 5.1%. Banco de Chile’s dividend payout ratio (DPR) is currently 53.78%.

Analyst Ratings Changes

BCH has been the topic of several recent analyst reports. StockNews.com downgraded Banco de Chile from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price 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 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.