Blue Trust Inc. Buys 1,453 Shares of Banco Santander Chile $BSAC

Blue Trust Inc. increased its stake in shares of Banco Santander Chile (NYSE:BSAC) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,993 shares of the bank’s stock after acquiring an additional 1,453 shares during the period. Blue Trust Inc.’s holdings in Banco Santander Chile were worth $454,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BSAC. Candriam S.C.A. bought a new stake in Banco Santander Chile during the first quarter worth about $25,116,000. RWC Asset Management LLP raised its holdings in Banco Santander Chile by 45.3% during the first quarter. RWC Asset Management LLP now owns 826,754 shares of the bank’s stock worth $18,850,000 after acquiring an additional 257,895 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Banco Santander Chile by 120.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 276,728 shares of the bank’s stock worth $6,979,000 after acquiring an additional 151,310 shares in the last quarter. Strs Ohio bought a new stake in Banco Santander Chile during the first quarter worth about $2,990,000. Finally, AQR Capital Management LLC raised its holdings in Banco Santander Chile by 457.1% during the first quarter. AQR Capital Management LLC now owns 107,076 shares of the bank’s stock worth $2,441,000 after acquiring an additional 87,856 shares in the last quarter. Institutional investors own 6.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BSAC. Wall Street Zen lowered Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Banco Santander Chile has an average rating of “Reduce” and an average price target of $24.00.

Banco Santander Chile Price Performance

Banco Santander Chile stock opened at $26.37 on Monday. Banco Santander Chile has a 12 month low of $18.19 and a 12 month high of $26.98. The stock’s 50 day moving average is $25.11 and its 200-day moving average is $24.39. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.99 and a beta of 0.73.

Banco Santander Chile (NYSE:BSAC) last posted its earnings results on Thursday, July 31st. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). Banco Santander Chile had a net margin of 24.32% and a return on equity of 22.17%. The firm had revenue of $757.38 million during the quarter, compared to analyst estimates of $758.17 million. Equities research analysts expect that Banco Santander Chile will post 2.07 EPS for the current year.

Banco Santander Chile Company Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.