Diversified Trust Co Sells 4,890 Shares of Banco Santander-Chile (NYSE:BSAC)

Diversified Trust Co reduced its stake in shares of Banco Santander-Chile (NYSE:BSAC) by 28.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,561 shares of the bank’s stock after selling 4,890 shares during the quarter. Diversified Trust Co’s holdings in Banco Santander-Chile were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. RWC Asset Management LLP boosted its holdings in Banco Santander-Chile by 60.5% during the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock valued at $14,999,000 after acquiring an additional 300,257 shares during the period. Itau Unibanco Holding S.A. lifted its position in Banco Santander-Chile by 900.5% in the second quarter. Itau Unibanco Holding S.A. now owns 165,285 shares of the bank’s stock valued at $3,107,000 after purchasing an additional 148,764 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Banco Santander-Chile during the first quarter valued at approximately $929,000. DNB Asset Management AS grew its holdings in shares of Banco Santander-Chile by 35.8% in the second quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock worth $3,140,000 after purchasing an additional 43,949 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of 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 buying an additional 25,237 shares during the period. 6.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BSAC shares. StockNews.com raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. The Goldman Sachs Group raised Banco Santander-Chile from a “sell” rating to a “neutral” rating and raised their target price for the stock from $18.00 to $21.00 in a research note on Tuesday, August 20th. Finally, Berenberg Bank raised Banco Santander-Chile to a “hold” rating in a research report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.48.

Banco Santander-Chile Trading Up 0.8 %

NYSE:BSAC opened at $20.06 on Friday. The company has a 50-day moving average price of $20.17 and a 200-day moving average price of $19.59. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 0.41 and a beta of 0.86. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.60. Banco Santander-Chile has a 12 month low of $16.89 and a 12 month high of $21.43.

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