Banco Santander-Chile (NYSE:BSAC) is INCA Investments LLC’s 2nd Largest Position

INCA Investments LLC trimmed its stake in shares of Banco Santander-Chile (NYSE:BSAC) by 22.2% in the 4th quarter, HoldingsChannel reports. The firm owned 2,126,981 shares of the bank’s stock after selling 606,509 shares during the quarter. Banco Santander-Chile makes up about 18.4% of INCA Investments LLC’s portfolio, making the stock its 2nd biggest position. INCA Investments LLC’s holdings in Banco Santander-Chile were worth $41,455,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Advisors Preferred LLC acquired a new position in Banco Santander-Chile during the fourth quarter valued at $181,000. Privium Fund Management B.V. acquired a new position in Banco Santander-Chile during the third quarter valued at $220,000. Vanguard Personalized Indexing Management LLC raised its position in Banco Santander-Chile by 9.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock valued at $222,000 after buying an additional 1,033 shares during the period. Russell Investments Group Ltd. raised its position in Banco Santander-Chile by 9.7% during the fourth quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock valued at $343,000 after buying an additional 1,551 shares during the period. Finally, Alps Advisors Inc. raised its position in Banco Santander-Chile by 8.4% during the third quarter. Alps Advisors Inc. now owns 33,829 shares of the bank’s stock valued at $620,000 after buying an additional 2,632 shares during the period. 6.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Banco Santander-Chile from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.97.

Banco Santander-Chile Stock Up 1.6 %

BSAC stock traded up $0.30 during mid-day trading on Monday, hitting $18.49. The stock had a trading volume of 390,396 shares, compared to its average volume of 292,971. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 3.44. Banco Santander-Chile has a 1-year low of $16.89 and a 1-year high of $21.81. The company has a fifty day moving average of $19.41 and a 200 day moving average of $18.95. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.37 and a beta of 0.82.

Banco Santander-Chile (NYSE:BSAC) last issued its earnings results on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $621.60 million for the quarter, compared to analyst estimates of $609.98 million. Banco Santander-Chile had a return on equity of 10.73% and a net margin of 9.99%. On average, equities analysts expect that Banco Santander-Chile will post 1.85 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.