Dimensional Fund Advisors LP Boosts Holdings in Banco Santander Chile $BSAC

Dimensional Fund Advisors LP raised its stake in shares of Banco Santander Chile (NYSE:BSAC) by 9.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 643,160 shares of the bank’s stock after acquiring an additional 57,400 shares during the period. Dimensional Fund Advisors LP’s holdings in Banco Santander Chile were worth $21,461,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Banco Santander Chile by 73.6% in the first quarter. Parallel Advisors LLC now owns 4,895 shares of the bank’s stock worth $163,000 after buying an additional 2,076 shares during the last quarter. KBC Group NV boosted its position in Banco Santander Chile by 17.1% in the 1st quarter. KBC Group NV now owns 14,975 shares of the bank’s stock worth $500,000 after purchasing an additional 2,187 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in Banco Santander Chile in the 1st quarter worth approximately $1,886,000. Advisors Preferred LLC grew its stake in shares of Banco Santander Chile by 74.3% during the 1st quarter. Advisors Preferred LLC now owns 35,333 shares of the bank’s stock worth $1,180,000 after purchasing an additional 15,061 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Banco Santander Chile by 8.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,645 shares of the bank’s stock valued at $255,000 after purchasing an additional 618 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

BSAC has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. UBS Group cut their price objective on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Friday, July 17th. Citigroup raised shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Finally, Zacks Research upgraded Banco Santander Chile from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.40.

Banco Santander Chile Price Performance

Shares of Banco Santander Chile stock opened at $35.72 on Friday. The business has a 50 day simple moving average of $32.93 and a two-hundred day simple moving average of $33.27. Banco Santander Chile has a 12 month low of $23.26 and a 12 month high of $37.72. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.72 and a quick ratio of 0.48. The stock has a market capitalization of $16.83 billion, a P/E ratio of 13.63, a PEG ratio of 0.88 and a beta of 0.52.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings data on Tuesday, June 30th. The bank reported $0.87 earnings per share for the quarter. Banco Santander Chile had a return on equity of 22.94% and a net margin of 27.04%.The company had revenue of $905.26 million for the quarter. As a group, analysts predict that Banco Santander Chile will post 2.89 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.