Ballentine Partners LLC Purchases New Holdings in Banco Santander-Chile (NYSE:BSAC)

Ballentine Partners LLC acquired a new position in Banco Santander-Chile (NYSE:BSAC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,343 shares of the bank’s stock, valued at approximately $195,000.

Several other large investors also recently bought and sold shares of BSAC. RWC Asset Management LLP increased its position in Banco Santander-Chile by 60.5% during the second quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock worth $14,999,000 after purchasing an additional 300,257 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Banco Santander-Chile during the 1st quarter worth approximately $929,000. DNB Asset Management AS increased its holdings in shares of Banco Santander-Chile by 35.8% during the 2nd quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock worth $3,140,000 after buying an additional 43,949 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Banco Santander-Chile in the fourth quarter valued at approximately $585,000. Finally, Sei Investments Co. grew its position in Banco Santander-Chile by 8.4% in the first quarter. Sei Investments Co. now owns 327,191 shares of the bank’s stock worth $6,488,000 after acquiring an additional 25,237 shares during the period. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander-Chile Stock Up 2.5 %

Shares of NYSE BSAC opened at $20.38 on Friday. The stock has a market cap of $9.60 billion, a P/E ratio of 17.27, a PEG ratio of 0.41 and a beta of 0.86. The business’s fifty day simple moving average is $20.06 and its 200-day simple moving average is $19.48. Banco Santander-Chile has a 12-month low of $16.89 and a 12-month high of $21.19. The company has a current ratio of 1.83, a quick ratio of 1.86 and a debt-to-equity ratio of 3.60.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Wednesday, July 31st. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Banco Santander-Chile had a net margin of 11.84% and a return on equity of 11.87%. The company had revenue of $599.94 million during the quarter, compared to analysts’ expectations of $693.44 million. As a group, equities analysts predict that Banco Santander-Chile will post 1.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BSAC shares. The Goldman Sachs Group raised shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and increased their target price for the stock from $18.00 to $21.00 in a research note on Tuesday, August 20th. Itau BBA Securities raised Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Wednesday, June 12th. StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Berenberg Bank upgraded Banco Santander-Chile to a “hold” rating in a report on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.48.

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.