Ethic Inc. Increases Stock Holdings in Banco Santander Chile $BSAC

Ethic Inc. increased its holdings in shares of Banco Santander Chile (NYSE:BSAC) by 14.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 20,579 shares of the bank’s stock after acquiring an additional 2,561 shares during the period. Ethic Inc.’s holdings in Banco Santander Chile were worth $506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group lifted its stake in shares of Banco Santander Chile by 54,450.0% during the 1st quarter. Brooklyn Investment Group now owns 1,091 shares of the bank’s stock worth $25,000 after acquiring an additional 1,089 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Banco Santander Chile during the 1st quarter worth approximately $206,000. Natixis Advisors LLC bought a new stake in shares of Banco Santander Chile during the 1st quarter worth approximately $238,000. Acadian Asset Management LLC bought a new stake in shares of Banco Santander Chile during the 1st quarter worth approximately $240,000. Finally, Genus Capital Management Inc. lifted its stake in shares of Banco Santander Chile by 200.0% during the 1st quarter. Genus Capital Management Inc. now owns 11,200 shares of the bank’s stock worth $255,000 after acquiring an additional 22,400 shares during the last quarter. 6.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. raised their price target on Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $26.00.

Banco Santander Chile Trading Down 0.3%

Shares of NYSE BSAC opened at $28.24 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.58. The business has a fifty day simple moving average of $26.05 and a two-hundred day simple moving average of $24.86. The firm has a market cap of $13.31 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.08 and a beta of 0.73. Banco Santander Chile has a twelve month low of $18.19 and a twelve month high of $28.79.

Banco Santander Chile (NYSE:BSAC) last issued its earnings results on Thursday, July 31st. The bank reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The firm had revenue of $757.38 million for the quarter, compared to the consensus estimate of $758.17 million. Banco Santander Chile had a net margin of 24.32% and a return on equity of 22.17%. Analysts expect that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Banco Santander Chile 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.