DnB Asset Management AS Decreases Stock Holdings in Banco Santander-Chile (NYSE:BSAC)

DnB Asset Management AS trimmed its position in shares of Banco Santander-Chile (NYSE:BSACGet Rating) by 45.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 203,235 shares of the bank’s stock after selling 170,867 shares during the quarter. DnB Asset Management AS’s holdings in Banco Santander-Chile were worth $3,311,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Atlas Capital Advisors LLC raised its position in shares of Banco Santander-Chile by 16.7% in the 1st quarter. Atlas Capital Advisors LLC now owns 6,400 shares of the bank’s stock valued at $145,000 after purchasing an additional 917 shares during the last quarter. Boston Partners raised its position in shares of Banco Santander-Chile by 6.6% in the 1st quarter. Boston Partners now owns 42,887 shares of the bank’s stock valued at $181,000 after purchasing an additional 2,642 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Banco Santander-Chile by 56.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,500 shares of the bank’s stock valued at $203,000 after purchasing an additional 4,500 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Banco Santander-Chile in the 1st quarter valued at approximately $206,000. Finally, Bank of America Corp DE raised its position in shares of Banco Santander-Chile by 10.3% in the 1st quarter. Bank of America Corp DE now owns 13,467 shares of the bank’s stock valued at $304,000 after purchasing an additional 1,253 shares during the last quarter. 9.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Itaú Unibanco lowered shares of Banco Santander-Chile from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research report on Tuesday, June 7th. UBS Group raised shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and set a $17.00 price target for the company in a research report on Thursday, June 30th. Itau BBA Securities lowered shares of Banco Santander-Chile from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a research report on Tuesday, June 7th. Citigroup lowered shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 13th. Finally, Credit Suisse Group reduced their price target on shares of Banco Santander-Chile to $18.00 in a research report on Monday, August 22nd. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.40.

Banco Santander-Chile Price Performance

Shares of NYSE BSAC opened at $15.45 on Wednesday. The firm’s 50 day simple moving average is $15.82 and its 200-day simple moving average is $18.27. Banco Santander-Chile has a 12 month low of $13.77 and a 12 month high of $22.95. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 1.67 and a beta of 0.68. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.99 and a quick ratio of 1.99.

Banco Santander-Chile (NYSE:BSACGet Rating) last released its quarterly earnings results on Friday, July 29th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. Banco Santander-Chile had a net margin of 22.60% and a return on equity of 21.63%. The firm had revenue of $668.33 million for the quarter, compared to analysts’ expectations of $751.67 million. Analysts expect that Banco Santander-Chile will post 2.17 EPS for the current year.

About Banco Santander-Chile

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Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and 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.

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Institutional Ownership by Quarter for Banco Santander-Chile (NYSE:BSAC)

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