In a research report distributed to clients and investors on Thursday, equity research analysts working for StockNews.com began providing coverage of Banco de Chile (NYSE: BCH).
The stock of the financial institution received a rating of “Hold” from the brokerage firm.
When trading began on Thursday, the shares of Banco de Chile were being offered for $20.49 per share.
Both the debt-to-equity ratio, which is 3.02, and the quick ratio, which is 1.52, are significant numbers. 1.71 is the value of the current ratio, and 1.52 is the value of the quick ratio.
The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 1.49, and a beta value of 0.36.
All of these metrics indicate that the company is relatively stable.
Banco de Chile reached its all-time high of $22.74 during its 52-week trading period, while the company reached its all-time low of $15.64 during the same period.
The moving average price of the stock over the previous fifty days is $21.24, and the moving average price over the previous two hundred days is $19.65.
During the past few months, several significant investors have engaged in transactions involving buying and selling BCH shares.
These transactions were carried out by both existing and new investors.
During the last quarter of the fiscal year, CWM LLC invested 127.6% more money in Banco de Chile than in the previous quarter.
As a result of the purchase of 671 additional shares of the bank’s stock over the most recent three months, CWM LLC now holds 1,197 shares of the bank’s stock, which have an aggregate value of $25,000.
In the third quarter, Quadrant Capital Group LLC made a 138.2% increase in the amount of Banco de Chile stock that it owned, bringing its total percentage ownership to 100%.
The most recent quarter saw Quadrant Capital Group LLC buy an additional 1,481 shares of the bank’s stock, bringing their total holdings to 2,553 shares of the company’s stock with a value of $45,000.
This brings the total number of shares owned by the company to 2,553.
After the third quarter, Ronald Blue Trust INC added the Bank of Chile to its portfolio, which resulted in a 700.0% increase in its holdings.
The most recent quarter saw Ronald Blue Trust INC purchase an additional 2,247 shares of the bank’s stock, bringing their total holdings to 2,568 shares of the company’s stock.
Each share of the company’s stock is worth $45,000, bringing the total value of Ronald Blue Trust INC’s holdings to $45,000.
During the third quarter, Tower Research Capital LLC (TRC) grew its holdings in Banco de Chile by a factor of 473.9 percent, bringing the total value of those holdings to After purchasing an additional 2,199 shares during the most recent quarter, Tower Research Capital LLC (TRC) now has a total of 2,663 shares of the bank’s stock, which is valued at $47,000.
These shares were acquired during the most recent quarter.
And finally, during the fourth quarter, Signaturefd LLC was to blame for a 96.9% increase in Bank of Chile’s stock holdings, which directly resulted from the company’s actions.
After acquiring an additional 1,360 shares over the preceding three months, Signaturefd LLC now holds 2,764 shares of the bank’s stock, with a combined value of $58,000.
These shares were bought.
To the tune of 0.99% of the company’s stock, institutional investors and hedge funds are the proud owners of its shares.
The name “Banco de Chile SA” refers to a financial institution that offers banking services to customers.
It is organized into four distinct divisions: retail, wholesale, Treasury, and subsidiaries.
Each of these divisions is responsible for its operations.
The retail category of financial products and services encompasses a wide variety of lending options, including but not limited to checking accounts, credit cards, credit lines, mortgage loans, business loans, consumer loans, and commercial loans.
The Wholesale division is focused on catering to corporate clients and large businesses.
Its products are centered on business loans, checking accounts, liquidity management services, debt instruments, foreign trade, derivative contracts, and leases.
In addition to that, the leases are handled by the wholesale division.