Eurizon Capital SGR S.p.A. Takes $713,000 Position in Banco Santander Chile $BSAC

Eurizon Capital SGR S.p.A. purchased a new stake in Banco Santander Chile (NYSE:BSAC) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 22,914 shares of the bank’s stock, valued at approximately $713,000.

Several other hedge funds have also added to or reduced their stakes in BSAC. INCA Investments LLC boosted its holdings in Banco Santander Chile by 48.8% in the fourth quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock valued at $33,110,000 after acquiring an additional 349,082 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Banco Santander Chile by 120.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 254,585 shares of the bank’s stock valued at $6,747,000 after acquiring an additional 139,015 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in Banco Santander Chile by 34.8% in the second quarter. Qube Research & Technologies Ltd now owns 439,613 shares of the bank’s stock valued at $11,087,000 after acquiring an additional 113,408 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in Banco Santander Chile in the fourth quarter valued at about $3,369,000. Finally, AQR Capital Management LLC raised its stake in shares of Banco Santander Chile by 457.1% during the first quarter. AQR Capital Management LLC now owns 107,076 shares of the bank’s stock worth $2,441,000 after buying an additional 87,856 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Trading Down 2.4%

BSAC opened at $30.35 on Thursday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.74 and a beta of 0.52. The firm has a 50 day simple moving average of $32.47 and a 200 day simple moving average of $32.54. Banco Santander Chile has a fifty-two week low of $22.77 and a fifty-two week high of $37.72.

Banco Santander Chile (NYSE:BSAC) last issued its earnings results on Monday, April 13th. The bank reported $0.63 EPS for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. The firm had revenue of $791.52 million during the quarter. On average, sell-side analysts anticipate that Banco Santander Chile will post 2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Bank of America raised shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research note on Wednesday, April 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a research note on Monday, April 20th. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Morgan Stanley set a $38.00 price target on shares of Banco Santander Chile in a research note on Wednesday, March 11th. Finally, Itau BBA Securities raised shares of Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.00.

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.