Banco de Chile (BCH) Shares Bought by Naples Global Advisors LLC

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Naples Global Advisors LLC increased its position in Banco de Chile (NYSE:BCH) by 200.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,335 shares of the bank’s stock after purchasing an additional 6,890 shares during the quarter. Naples Global Advisors LLC’s holdings in Banco de Chile were worth $307,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Comerica Bank raised its holdings in Banco de Chile by 7.6% in the 3rd quarter. Comerica Bank now owns 9,716 shares of the bank’s stock valued at $825,000 after acquiring an additional 685 shares during the period. Deltec Asset Management LLC raised its holdings in Banco de Chile by 12.5% in the 3rd quarter. Deltec Asset Management LLC now owns 9,003 shares of the bank’s stock valued at $820,000 after acquiring an additional 1,003 shares during the period. Credit Suisse AG raised its holdings in Banco de Chile by 8.1% in the 3rd quarter. Credit Suisse AG now owns 14,728 shares of the bank’s stock valued at $1,341,000 after acquiring an additional 1,103 shares during the period. Gilman Hill Asset Management LLC raised its holdings in Banco de Chile by 13.3% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 10,817 shares of the bank’s stock valued at $985,000 after acquiring an additional 1,267 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in Banco de Chile by 25.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,976 shares of the bank’s stock valued at $726,000 after acquiring an additional 1,637 shares during the period. 0.45% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Banco de Chile from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. ValuEngine cut shares of Banco de Chile from a “buy” rating to a “hold” rating in a report on Monday. Finally, Credit Suisse Group set a $76.00 price target on shares of Banco de Chile and gave the company a “hold” rating in a report on Thursday, December 20th.

Shares of NYSE:BCH opened at $32.04 on Wednesday. Banco de Chile has a 12-month low of $27.04 and a 12-month high of $35.45. The company has a market cap of $16.23 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.70 and a beta of 0.45.

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Banco de Chile Company Profile

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.

Further Reading: Mutual Funds

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

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