Banco de Chile (NYSE:BCH) Sees Significant Decrease in Short Interest

Banco de Chile (NYSE:BCH) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 284,800 shares, a decrease of 5.2% from the October 15th total of 300,300 shares. Based on an average daily trading volume, of 161,000 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BCH. Allspring Global Investments Holdings LLC bought a new stake in shares of Banco de Chile in the third quarter worth about $36,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Banco de Chile by 31.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank’s stock worth $351,000 after buying an additional 3,730 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Banco de Chile by 69.7% during the third quarter. Blue Trust Inc. now owns 11,140 shares of the bank’s stock valued at $282,000 after buying an additional 4,576 shares during the period. Barclays PLC raised its holdings in shares of Banco de Chile by 81.8% during 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 in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Banco de Chile by 21.1% in the first quarter. Advisors Asset Management Inc. now owns 44,380 shares of the bank’s stock worth $988,000 after acquiring an additional 7,719 shares during the period. Institutional investors own 1.24% of the company’s stock.

Banco de Chile Price Performance

Shares of NYSE:BCH opened at $23.05 on Monday. Banco de Chile has a one year low of $20.93 and a one year high of $25.97. The firm has a fifty day moving average price of $24.24 and a two-hundred day moving average price of $23.98. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.52.

Banco de Chile (NYSE:BCH) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03). Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. The firm had revenue of $980.10 million for the quarter, compared to analysts’ expectations of $796.96 million. As a group, equities analysts anticipate that Banco de Chile will post 2.51 EPS for the current year.

Banco de Chile Company 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.