Banco Santander-Chile (NYSE:BSAC) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Banco Santander-Chile (NYSE:BSAC) by 60.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,951 shares of the bank’s stock after selling 163,062 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Banco Santander-Chile were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Banco Santander-Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock valued at $58,000 after buying an additional 903 shares in the last quarter. R Squared Ltd purchased a new position in shares of Banco Santander-Chile during the fourth quarter valued at $61,000. Natixis Advisors LLC purchased a new position in shares of Banco Santander-Chile during the third quarter valued at $212,000. Blue Trust Inc. grew its holdings in shares of Banco Santander-Chile by 11.0% during the fourth quarter. Blue Trust Inc. now owns 18,415 shares of the bank’s stock valued at $382,000 after buying an additional 1,831 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Banco Santander-Chile during the fourth quarter valued at $364,000. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded Banco Santander-Chile from a “buy” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $21.00 in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.33.

Banco Santander-Chile Stock Performance

Shares of NYSE BSAC opened at $22.99 on Monday. The business’s 50-day moving average price is $20.96 and its two-hundred day moving average price is $20.15. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. Banco Santander-Chile has a one year low of $17.73 and a one year high of $23.12. The company has a market capitalization of $10.83 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83.

Banco Santander-Chile (NYSE:BSAC) last issued its earnings results on Friday, January 31st. The bank reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. Analysts anticipate 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.