DNB Asset Management AS lessened its position in shares of Banco Santander Chile (NYSE:BSAC – Free Report) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 176,088 shares of the bank’s stock after selling 73,524 shares during the quarter. DNB Asset Management AS’s holdings in Banco Santander Chile were worth $5,478,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in BSAC. Raymond James Financial Inc. purchased a new stake in Banco Santander Chile during the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its stake in Banco Santander Chile by 577.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,329 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Banco Santander Chile by 199.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,007 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in Banco Santander Chile during the 3rd quarter valued at about $152,000. Finally, Seldon Capital LP purchased a new stake in Banco Santander Chile during the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 6.42% of the company’s stock.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Erste Group Bank upgraded Banco Santander Chile to a “strong-buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upgraded Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 target price on the stock in a research note on Monday, March 30th. Morgan Stanley set a $38.00 target price on Banco Santander Chile in a research note on Wednesday, March 11th. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Monday, April 20th. Finally, Bank of America upgraded Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.50.
Banco Santander Chile Stock Performance
NYSE BSAC opened at $30.56 on Tuesday. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 0.72 and a beta of 0.53. Banco Santander Chile has a twelve month low of $22.77 and a twelve month high of $37.72. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.26. The stock has a 50-day moving average of $32.54 and a 200 day moving average of $32.37.
Banco Santander Chile (NYSE:BSAC – Get Free Report) last released its quarterly earnings results on Monday, April 13th. The bank reported $0.63 earnings per share for the quarter. The company had revenue of $791.52 million during the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%. Sell-side analysts anticipate that Banco Santander Chile will post 2.85 EPS for the current fiscal year.
About Banco Santander Chile
Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.
Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.
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