Westwood Holdings Group Inc. lessened its stake in Banco de Chile (NYSE:BCH) by 2.4% in the 1st quarter, HoldingsChannel reports. The fund owned 149,603 shares of the bank’s stock after selling 3,620 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Banco de Chile were worth $4,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in Banco de Chile by 146.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,035 shares of the bank’s stock worth $29,000 after acquiring an additional 615 shares in the last quarter. Bank of Montreal Can increased its holdings in Banco de Chile by 1,688.3% in the 1st quarter. Bank of Montreal Can now owns 1,073 shares of the bank’s stock worth $32,000 after acquiring an additional 1,013 shares in the last quarter. Citigroup Inc. increased its holdings in Banco de Chile by 200.0% in the 1st quarter. Citigroup Inc. now owns 5,193 shares of the bank’s stock worth $153,000 after acquiring an additional 3,462 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Banco de Chile by 200.0% during the fourth quarter. Parallel Advisors LLC now owns 5,562 shares of the bank’s stock worth $159,000 after buying an additional 3,708 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Banco de Chile by 200.0% during the fourth quarter. Legal & General Group Plc now owns 5,808 shares of the bank’s stock worth $167,000 after buying an additional 3,872 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised shares of Banco de Chile from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Thursday, February 28th.

Shares of Banco de Chile stock traded down $0.16 during trading hours on Friday, reaching $28.67. 548 shares of the company’s stock were exchanged, compared to its average volume of 58,944. Banco de Chile has a 1 year low of $27.04 and a 1 year high of $32.83. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.14 and a beta of 0.41. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.66.

Banco de Chile (NYSE:BCH) last released its earnings results on Tuesday, May 7th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). Banco de Chile had a return on equity of 16.66% and a net margin of 23.39%. The business had revenue of $594.90 million for the quarter, compared to analysts’ expectations of $719.98 million. On average, research analysts anticipate that Banco de Chile will post 1.83 EPS for the current fiscal year.

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About Banco de Chile

Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. The company operates through four segments: Retail, Wholesale, Treasury and Money Market Operations, and Subsidiaries. It offers deposit products, such as checking accounts, current accounts, demand deposits, demand accounts, saving accounts, and time deposits; credit cards; installment loans; credit lines; and residential mortgage loans, as well as short and long term financing.

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Institutional Ownership by Quarter for Banco de Chile (NYSE:BCH)

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