SBI Securities Co. Ltd. Buys 124,770 Shares of Banco Santander Chile $BSAC

SBI Securities Co. Ltd. grew its stake in Banco Santander Chile (NYSE:BSAC) by 462,111.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,797 shares of the bank’s stock after acquiring an additional 124,770 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Banco Santander Chile were worth $3,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brooklyn Investment Group raised its position in shares of Banco Santander Chile by 54,450.0% in the 1st quarter. Brooklyn Investment Group now owns 1,091 shares of the bank’s stock worth $25,000 after purchasing an additional 1,089 shares during the last quarter. Simplex Trading LLC purchased a new position in Banco Santander Chile in the second quarter worth about $25,000. Hantz Financial Services Inc. raised its holdings in Banco Santander Chile by 380.5% in the second quarter. Hantz Financial Services Inc. now owns 3,532 shares of the bank’s stock worth $89,000 after buying an additional 2,797 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Banco Santander Chile in the second quarter worth approximately $202,000. Finally, Savant Capital LLC purchased a new stake in shares of Banco Santander Chile during the second quarter valued at approximately $226,000. 6.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BSAC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Citigroup cut Banco Santander Chile from a “buy” rating to a “hold” rating in a research note on Friday, November 7th. UBS Group increased their price objective on Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday. Wall Street Zen lowered Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $27.67.

Banco Santander Chile Trading Up 0.5%

Banco Santander Chile stock opened at $30.38 on Thursday. Banco Santander Chile has a 52-week low of $18.19 and a 52-week high of $30.75. The company has a market cap of $14.31 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.76 and a beta of 0.74. The company has a quick ratio of 1.77, a current ratio of 1.87 and a debt-to-equity ratio of 2.51. The business has a 50-day simple moving average of $27.20 and a two-hundred day simple moving average of $25.28.

Banco Santander Chile (NYSE:BSAC) last announced its earnings results on Thursday, October 30th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.06). Banco Santander Chile had a net margin of 24.74% and a return on equity of 22.18%. The business had revenue of $581.56 million for the quarter, compared to the consensus estimate of $732.50 million. Analysts predict that Banco Santander Chile will post 2.07 EPS for the current 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.