22,538 Shares in Banco Santander Chile $BSAC Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH purchased a new position in Banco Santander Chile (NYSE:BSAC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,538 shares of the bank’s stock, valued at approximately $597,000.

A number of other hedge funds have also made changes to their positions in the company. Simplex Trading LLC purchased a new stake in shares of Banco Santander Chile during the second quarter worth $25,000. Raymond James Financial Inc. acquired a new stake in Banco Santander Chile in the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its stake in Banco Santander Chile by 577.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after purchasing an additional 1,329 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Banco Santander Chile by 380.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,532 shares of the bank’s stock worth $89,000 after purchasing an additional 2,797 shares during the last quarter. Finally, Seldon Capital LP purchased a new stake in shares of Banco Santander Chile in the second quarter valued at approximately $200,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BSAC. The Goldman Sachs Group lowered Banco Santander Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Wall Street Zen cut shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Tuesday, December 30th. UBS Group lifted their price target on shares of Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, January 21st. Finally, Citigroup downgraded Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $27.67.

Banco Santander Chile Trading Down 0.4%

Shares of BSAC stock opened at $35.64 on Friday. The stock has a market capitalization of $16.79 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.17 and a beta of 0.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.84 and a current ratio of 1.84. The company has a 50 day moving average price of $33.21 and a 200 day moving average price of $28.99. Banco Santander Chile has a fifty-two week low of $20.77 and a fifty-two week high of $37.72.

Banco Santander Chile (NYSE:BSAC) last issued its quarterly earnings data on Monday, February 9th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Santander Chile had a return on equity of 23.25% and a net margin of 24.57%.The firm had revenue of $740.07 million during the quarter. Equities research analysts predict that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

About Banco Santander Chile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.