11,449 Shares in Banco Santander Chile $BSAC Purchased by R Squared Ltd

R Squared Ltd acquired a new position in shares of Banco Santander Chile (NYSE:BSAC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,449 shares of the bank’s stock, valued at approximately $289,000.

Several other large investors have also recently modified their holdings of the business. Ethic Inc. increased its stake in shares of Banco Santander Chile by 14.2% in the second quarter. Ethic Inc. now owns 20,579 shares of the bank’s stock worth $506,000 after purchasing an additional 2,561 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Banco Santander Chile by 5.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,789 shares of the bank’s stock worth $600,000 after purchasing an additional 1,275 shares in the last quarter. Aberdeen Group plc increased its stake in shares of Banco Santander Chile by 10.8% in the second quarter. Aberdeen Group plc now owns 738,038 shares of the bank’s stock worth $18,525,000 after purchasing an additional 72,203 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Banco Santander Chile by 8.8% in the second quarter. Blue Trust Inc. now owns 17,993 shares of the bank’s stock worth $454,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Banco Santander Chile by 120.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 276,728 shares of the bank’s stock worth $6,979,000 after purchasing an additional 151,310 shares in the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Friday. Wall Street Zen downgraded shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $26.00.

Banco Santander Chile Price Performance

Shares of NYSE:BSAC opened at $28.31 on Friday. The company has a 50 day moving average of $25.88 and a 200 day moving average of $24.75. The stock has a market cap of $13.34 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.07 and a beta of 0.73. Banco Santander Chile has a 12 month low of $18.19 and a 12 month high of $28.66. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.58.

Banco Santander Chile (NYSE:BSAC) last issued its quarterly earnings data on Thursday, July 31st. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). The firm had revenue of $757.38 million for the quarter, compared to analysts’ expectations of $758.17 million. Banco Santander Chile had a net margin of 24.32% and a return on equity of 22.17%. As a group, sell-side analysts forecast that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

Banco Santander Chile 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.