Edmond DE Rothschild Holding S.A. Buys 60,000 Shares of Banco Santander-Chile (NYSE:BSAC)

Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Banco Santander-Chile (NYSE:BSAC) by 31.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 252,800 shares of the bank’s stock after purchasing an additional 60,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Banco Santander-Chile were worth $5,023,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund grew its holdings in shares of Banco Santander-Chile by 0.4% during the second quarter. New York State Common Retirement Fund now owns 163,439 shares of the bank’s stock worth $3,248,000 after purchasing an additional 728 shares during the last quarter. NS Partners Ltd grew its holdings in shares of Banco Santander-Chile by 12.4% during the second quarter. NS Partners Ltd now owns 356,000 shares of the bank’s stock worth $7,074,000 after purchasing an additional 39,300 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Banco Santander-Chile by 15.4% during the first quarter. BlackRock Inc. now owns 2,706,481 shares of the bank’s stock worth $67,201,000 after purchasing an additional 361,827 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Banco Santander-Chile during the second quarter worth $652,000. Finally, Northern Trust Corp grew its holdings in shares of Banco Santander-Chile by 10.8% during the first quarter. Northern Trust Corp now owns 392,282 shares of the bank’s stock worth $9,740,000 after purchasing an additional 38,108 shares during the last quarter. Institutional investors own 8.51% of the company’s stock.

BSAC has been the topic of several research analyst reports. Scotiabank cut Banco Santander-Chile from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 7th. Zacks Investment Research cut Banco Santander-Chile from a “strong-buy” rating to a “hold” rating in a report on Friday, July 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Banco Santander-Chile presently has an average rating of “Hold” and an average price target of $28.00.

NYSE:BSAC opened at $20.07 on Wednesday. Banco Santander-Chile has a 1-year low of $13.31 and a 1-year high of $26.15. The business’s 50-day moving average price is $19.80 and its two-hundred day moving average price is $21.59. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.76 and a beta of 0.81.

Banco Santander-Chile (NYSE:BSAC) last released its earnings results on Thursday, July 29th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. Banco Santander-Chile had a return on equity of 18.23% and a net margin of 24.24%. The firm had revenue of $709.58 million for the quarter, compared to analyst estimates of $714.79 million. Sell-side analysts predict that Banco Santander-Chile will post 1.98 earnings per share for the current year.

Banco Santander-Chile Company Profile

Banco Santander Chile SA engages in the provision of commercial and retail banking services. It operates through the following segments: Retail Banking, Middle-Market, Global Corporate Banking, and Other. The Retail banking segment offers consumer loans, credit cards, auto loans, commercial loans, foreign exchange, mortgage loans, debit cards, checking accounts, savings products, mutual funds, stock brokerage and insurance brokerage.

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Institutional Ownership by Quarter for Banco Santander-Chile (NYSE:BSAC)

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