Crossmark Global Holdings Inc. Has $811,000 Position in Banco de Chile (NYSE:BCH)

Crossmark Global Holdings Inc. grew its holdings in shares of Banco de Chile (NYSE:BCH) by 8.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,302 shares of the bank’s stock after purchasing an additional 2,185 shares during the period. Crossmark Global Holdings Inc.’s holdings in Banco de Chile were worth $811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Banco de Chile by 199.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 537,102 shares of the bank’s stock valued at $15,365,000 after buying an additional 357,982 shares in the last quarter. Deutsche Bank AG raised its position in shares of Banco de Chile by 593.4% in the 4th quarter. Deutsche Bank AG now owns 89,013 shares of the bank’s stock worth $2,545,000 after buying an additional 76,176 shares during the period. Northern Trust Corp raised its position in shares of Banco de Chile by 202.4% in the 4th quarter. Northern Trust Corp now owns 135,497 shares of the bank’s stock worth $3,875,000 after buying an additional 90,694 shares during the period. PNC Financial Services Group Inc. raised its position in shares of 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 buying an additional 615 shares during the period. Finally, BlackRock Inc. raised its position in shares of Banco de Chile by 75.3% in the 4th quarter. BlackRock Inc. now owns 138,935 shares of the bank’s stock worth $3,974,000 after buying an additional 59,699 shares during the period. Institutional investors own 2.11% of the company’s stock.

NYSE:BCH opened at $28.71 on Tuesday. The firm has a market capitalization of $14.87 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.18 and a beta of 0.41. Banco de Chile has a one year low of $27.04 and a one year high of $32.83. The stock has a 50-day moving average price of $29.19. The company has a quick ratio of 1.39, a current ratio of 1.47 and a debt-to-equity ratio of 2.79.

Banco de Chile (NYSE:BCH) last posted its quarterly earnings data on Monday, July 29th. The bank reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.08. The business had revenue of $704.80 million for the quarter, compared to analyst estimates of $717.93 million. Banco de Chile had a net margin of 23.67% and a return on equity of 17.06%. As a group, analysts expect that Banco de Chile will post 1.83 earnings per share for the current fiscal year.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Banco de Chile from a “hold” rating to a “sell” rating in a report on Friday. Scotiabank upgraded Banco de Chile from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Banco de Chile currently has an average rating of “Hold” and a consensus price target of $55.50.

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.

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

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