Banco Santander-Chile (NYSE:BSAC) Position Lowered by Rhumbline Advisers

Rhumbline Advisers reduced its position in Banco Santander-Chile (NYSE:BSAC) by 11.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 31,832 shares of the bank’s stock after selling 4,010 shares during the period. Rhumbline Advisers’ holdings in Banco Santander-Chile were worth $600,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC acquired a new position in shares of Banco Santander-Chile during the third quarter valued at $212,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Banco Santander-Chile in the 3rd quarter valued at about $461,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Banco Santander-Chile by 9.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 233,454 shares of the bank’s stock worth $4,847,000 after purchasing an additional 20,966 shares during the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of Banco Santander-Chile in the third quarter valued at approximately $700,000. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of Banco Santander-Chile by 79.6% during the third quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank’s stock valued at $6,164,000 after buying an additional 131,637 shares during the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America cut Banco Santander-Chile from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.33.

Banco Santander-Chile Stock Performance

Shares of BSAC opened at $22.52 on Friday. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83. The company’s fifty day moving average is $20.59 and its 200-day moving average is $20.10. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a 12 month low of $17.73 and a 12 month high of $22.89.

Banco Santander-Chile (NYSE:BSAC) last posted its quarterly earnings data on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). Banco Santander-Chile had a return on equity of 19.15% and a net margin of 19.16%. Equities analysts expect that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

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.