Natixis Advisors LLC Takes Position in Banco Santander Chile (NYSE:BSAC)

Natixis Advisors LLC acquired a new stake in Banco Santander Chile (NYSE:BSAC) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,420 shares of the bank’s stock, valued at approximately $238,000.

Several other large investors also recently modified their holdings of the stock. RWC Asset Management LLP grew its stake in shares of Banco Santander Chile by 45.3% in the 1st quarter. RWC Asset Management LLP now owns 826,754 shares of the bank’s stock valued at $18,850,000 after purchasing an additional 257,895 shares during the period. Renaissance Technologies LLC grew its stake in shares of Banco Santander Chile by 21.4% in the 4th quarter. Renaissance Technologies LLC now owns 659,627 shares of the bank’s stock valued at $12,441,000 after purchasing an additional 116,200 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Banco Santander Chile by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 492,868 shares of the bank’s stock valued at $9,295,000 after purchasing an additional 1,307 shares during the period. Marshall Wace LLP grew its stake in shares of Banco Santander Chile by 44.9% in the 4th quarter. Marshall Wace LLP now owns 365,478 shares of the bank’s stock valued at $6,893,000 after purchasing an additional 113,325 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Banco Santander Chile by 8.2% in the 4th quarter. Bank of America Corp DE now owns 290,572 shares of the bank’s stock valued at $5,480,000 after purchasing an additional 21,983 shares during the period. 6.42% of the stock is currently owned by institutional investors.

Banco Santander Chile Stock Performance

NYSE:BSAC opened at $24.17 on Wednesday. Banco Santander Chile has a 1 year low of $18.19 and a 1 year high of $25.53. The firm has a 50 day moving average of $24.15 and a 200-day moving average of $23.40. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $11.39 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 0.90 and a beta of 0.67.

Banco Santander Chile (NYSE:BSAC) last posted its earnings results on Thursday, July 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Banco Santander Chile had a net margin of 24.32% and a return on equity of 22.21%. The firm had revenue of $757.38 million during the quarter, compared to the consensus estimate of $758.17 million. As a group, sell-side analysts anticipate that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Banco Santander Chile from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Bank of America cut shares of Banco Santander Chile from a “neutral” rating to an “underperform” rating and set a $24.00 target price for the company. in a research note on Thursday, May 1st. Finally, UBS Group lifted their target price on shares of Banco Santander Chile from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, June 2nd.

Banco Santander Chile Company 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.