Banco de Chile (NYSE:BCH) Sees Strong Trading Volume – What’s Next?

Banco de Chile (NYSE:BCH) saw unusually-high trading volume on Monday . Approximately 126,212 shares changed hands during trading, a decline of 36% from the previous session’s volume of 198,442 shares.The stock last traded at $23.69 and had previously closed at $23.53.

Banco de Chile Trading Down 1.7 %

The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market capitalization of $11.70 billion, a P/E ratio of 8.30 and a beta of 0.44. The stock’s fifty day moving average price is $23.57 and its 200 day moving average price is $23.89.

Banco de Chile (NYSE:BCH) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.03). Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. The firm had revenue of $980.10 million for the quarter, compared to analysts’ expectations of $796.96 million. Research analysts forecast that Banco de Chile will post 2.5 earnings per share for the current year.

Institutional Trading of Banco de Chile

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in Banco de Chile by 629.3% in the second quarter. Blue Trust Inc. now owns 6,564 shares of the bank’s stock valued at $146,000 after buying an additional 5,664 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in Banco de Chile in the 2nd quarter valued at about $60,462,000. Liontrust Investment Partners LLP purchased a new position in Banco de Chile during the second quarter worth approximately $294,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Banco de Chile by 31.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank’s stock valued at $351,000 after acquiring an additional 3,730 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Banco de Chile by 24.3% in the second quarter. Marshall Wace LLP now owns 214,398 shares of the bank’s stock worth $4,852,000 after acquiring an additional 41,894 shares during the period. Institutional investors own 1.24% of the company’s stock.

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.