Parallel Advisors LLC Increases Holdings in Banco Santander-Chile (NYSE:BSAC)

Parallel Advisors LLC grew its holdings in shares of Banco Santander-Chile (NYSE:BSACFree Report) by 115.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,683 shares of the bank’s stock after buying an additional 902 shares during the quarter. Parallel Advisors LLC’s holdings in Banco Santander-Chile were worth $33,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Advisors Preferred LLC purchased a new stake in shares of Banco Santander-Chile during the 4th quarter valued at about $181,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Banco Santander-Chile by 9.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock valued at $222,000 after buying an additional 1,033 shares in the last quarter. Russell Investments Group Ltd. raised its position in Banco Santander-Chile by 9.7% in the 4th quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock worth $343,000 after purchasing an additional 1,551 shares during the period. Alps Advisors Inc. raised its position in Banco Santander-Chile by 8.4% in the 3rd quarter. Alps Advisors Inc. now owns 33,829 shares of the bank’s stock worth $620,000 after purchasing an additional 2,632 shares during the period. Finally, Barclays PLC purchased a new stake in Banco Santander-Chile in the 3rd quarter worth about $658,000. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander-Chile Price Performance

Shares of BSAC stock opened at $18.89 on Friday. 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 market capitalization of $8.90 billion, a P/E ratio of 16.15, a P/E/G ratio of 0.39 and a beta of 0.87. The company’s 50-day simple moving average is $19.11 and its two-hundred day simple moving average is $19.19. Banco Santander-Chile has a one year low of $16.89 and a one year high of $21.81.

Banco Santander-Chile (NYSE:BSACGet Free Report) last issued its earnings results on Tuesday, April 30th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The company had revenue of $524.08 million during the quarter, compared to the consensus estimate of $544.26 million. Banco Santander-Chile had a return on equity of 9.62% and a net margin of 9.58%. As a group, equities analysts anticipate that Banco Santander-Chile will post 1.85 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.97.

Check Out Our Latest Stock Analysis on Banco Santander-Chile

Banco Santander-Chile Company Profile

(Free Report)

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.

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

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