Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Banco Santander-Chile (NYSE:BSAC)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Banco Santander-Chile (NYSE:BSAC) by 11.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 249,224 shares of the bank’s stock after acquiring an additional 25,393 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Banco Santander-Chile were worth $4,857,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. FMR LLC increased its holdings in Banco Santander-Chile by 105.7% during the 1st quarter. FMR LLC now owns 1,563 shares of the bank’s stock valued at $28,000 after acquiring an additional 803 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Banco Santander-Chile during the 2nd quarter valued at about $40,000. BNP Paribas Arbitrage SNC increased its holdings in Banco Santander-Chile by 4,603.2% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,963 shares of the bank’s stock valued at $42,000 after acquiring an additional 2,900 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Banco Santander-Chile during the 1st quarter valued at about $78,000. Finally, Fortis Capital Advisors LLC purchased a new position in Banco Santander-Chile during the 1st quarter valued at about $78,000. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Stock Performance

Shares of NYSE BSAC opened at $18.04 on Monday. The company has a market cap of $8.50 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 0.37 and a beta of 0.82. Banco Santander-Chile has a 12 month low of $16.89 and a 12 month high of $21.81. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.80 and a quick ratio of 1.80. The company has a 50-day simple moving average of $19.49 and a 200-day simple moving average of $18.93.

Banco Santander-Chile (NYSE:BSAC) last released its earnings results on Friday, February 2nd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. The business had revenue of $621.60 million for the quarter, compared to analysts’ expectations of $609.98 million. On average, equities analysts anticipate that Banco Santander-Chile will post 1.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.97.

About Banco Santander-Chile

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.