Short Interest in Banco de Chile (NYSE:BCH) Drops By 5.2%

Banco de Chile (NYSE:BCH) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 284,800 shares, a decrease of 5.2% from the October 15th total of 300,300 shares. Based on an average daily volume of 161,000 shares, the days-to-cover ratio is currently 1.8 days.

Banco de Chile Stock Up 0.3 %

Shares of Banco de Chile stock opened at $23.13 on Tuesday. The company has a 50-day simple moving average of $24.21 and a two-hundred day simple moving average of $23.98. Banco de Chile has a 52-week low of $20.93 and a 52-week high of $25.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.99.

Banco de Chile (NYSE:BCH) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03). Banco de Chile had a return on equity of 22.69% and a net margin of 30.00%. The firm had revenue of $980.10 million during the quarter, compared to analysts’ expectations of $796.96 million. Equities research analysts forecast that Banco de Chile will post 2.51 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BCH. Baillie Gifford & Co. bought a new stake in Banco de Chile in the 2nd quarter worth about $60,462,000. FMR LLC grew its stake in shares of Banco de Chile by 1.8% in the third quarter. FMR LLC now owns 858,889 shares of the bank’s stock worth $21,738,000 after acquiring an additional 15,312 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Banco de Chile by 8.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 379,938 shares of the bank’s stock valued at $9,616,000 after purchasing an additional 28,959 shares during the last quarter. Bessemer Group Inc. bought a new position in Banco de Chile during the first quarter valued at approximately $6,189,000. Finally, AQR Capital Management LLC lifted its position in Banco de Chile by 61.5% during the second quarter. AQR Capital Management LLC now owns 243,009 shares of the bank’s stock valued at $5,499,000 after purchasing an additional 92,532 shares during the period. 1.24% of the stock is owned by institutional investors.

About Banco de Chile

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.