Truffle Hound Capital LLC Acquires Shares of 200,000 Banco de Chile (NYSE:BCH)

Truffle Hound Capital LLC acquired a new stake in Banco de Chile (NYSE:BCH) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 200,000 shares of the bank’s stock, valued at approximately $4,536,000. Banco de Chile accounts for about 1.6% of Truffle Hound Capital LLC’s holdings, making the stock its 20th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Banco de Chile by 293.4% in the third quarter. State Street Corp now owns 128,448 shares of the bank’s stock valued at $3,251,000 after purchasing an additional 95,797 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Banco de Chile by 18,631.0% in the third quarter. BNP Paribas Financial Markets now owns 21,728 shares of the bank’s stock valued at $550,000 after purchasing an additional 21,612 shares during the last quarter. FMR LLC increased its holdings 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 valued at $21,738,000 after purchasing an additional 15,312 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Banco de Chile in the third quarter valued at $638,000. Finally, Barclays PLC boosted its position in shares of Banco de Chile by 81.8% in the third quarter. Barclays PLC now owns 11,151 shares of the bank’s stock valued at $282,000 after acquiring an additional 5,016 shares during the period. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco de Chile Trading Down 5.4 %

Shares of Banco de Chile stock opened at $26.35 on Friday. Banco de Chile has a 52-week low of $21.15 and a 52-week high of $28.64. The firm has a 50-day moving average of $25.79 and a 200-day moving average of $24.43. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. The stock has a market cap of $13.31 billion, a PE ratio of 10.50, a PEG ratio of 6.08 and a beta of 0.39.

Banco de Chile Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 3rd. Investors of record on Friday, March 21st will be given a dividend of $2.1037 per share. The ex-dividend date is Friday, March 21st. This represents a yield of 5.1%. Banco de Chile’s dividend payout ratio is 53.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Banco de Chile from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on shares of Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, January 24th.

Banco de Chile Profile

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.