Belpointe Asset Management LLC Invests $71,000 in Banco de Chile (NYSE:BCH)

Belpointe Asset Management LLC acquired a new position in shares of Banco de Chile (NYSE:BCH – Get Rating) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,427 shares of the bank’s stock, valued at approximately $71,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BCH. CWM LLC increased its holdings in shares of Banco de Chile by 127.6% during the 4th quarter. CWM LLC now owns 1,197 shares of the bank’s stock worth $25,000 after purchasing an additional 671 shares during the period. Quadrant Capital Group LLC lifted its position in Banco de Chile by 138.2% in the third quarter. Quadrant Capital Group LLC now owns 2,553 shares of the bank’s stock worth $45,000 after purchasing an additional 1,481 shares during the period. Ronald Blue Trust Inc. grew its stake in shares of Banco de Chile by 700.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 2,568 shares of the bank’s stock valued at $45,000 after purchasing an additional 2,247 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Banco de Chile by 473.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,663 shares of the bank’s stock valued at $47,000 after purchasing an additional 2,199 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Banco de Chile by 96.9% in the 4th quarter. Signaturefd LLC now owns 2,764 shares of the bank’s stock valued at $58,000 after purchasing an additional 1,360 shares during the period. Institutional investors own 0.99% of the company’s stock.

Banco de Chile Price Performance

Shares of BCH stock opened at $21.71 on Monday. The stock’s fifty day moving average is $20.32 and its 200-day moving average is $20.26. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $10.97 billion, a PE ratio of 6.72, a PEG ratio of 1.36 and a beta of 0.37. Banco de Chile has a 52 week low of $15.64 and a 52 week high of $22.97.

Banco de Chile Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, March 30th. Investors of record on Friday, March 17th were given a $1.3688 dividend. This represents a yield of 5%. The ex-dividend date of this dividend was Thursday, March 16th. This is a boost from Banco de Chile’s previous annual dividend of $1.33. Banco de Chile’s payout ratio is 50.15%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Banco de Chile in a research note on Thursday. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.67.

Banco de Chile Company Profile

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Banco de Chile SA engages in the provision of banking services. It operates through the following segments: Retail, Wholesale, Treasury, and Subsidiaries. The Retail segment consists of consumer loans, commercial loans, checking accounts, credit cards, credit lines, and mortgage loans. The Wholesale segment includes corporate clients and large companies where the product offering focuses on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts, and leases.