Strs Ohio Has $3.47 Million Stock Position in Banco Santander Chile $BSAC

Strs Ohio lessened its holdings in shares of Banco Santander Chile (NYSE:BSAC) by 14.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 111,648 shares of the bank’s stock after selling 19,482 shares during the quarter. Strs Ohio’s holdings in Banco Santander Chile were worth $3,473,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BSAC. Raymond James Financial Inc. acquired a new position in Banco Santander Chile in the second quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Banco Santander Chile by 577.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after buying an additional 1,329 shares during the period. Farther Finance Advisors LLC increased its position in shares of Banco Santander Chile by 199.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after acquiring an additional 1,007 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Banco Santander Chile during the third quarter worth $152,000. Finally, Seldon Capital LP bought a new stake in Banco Santander Chile in the 2nd quarter valued at $200,000. 6.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BSAC. Bank of America upgraded Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a report on Wednesday, April 1st. The Goldman Sachs Group cut Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Itau BBA Securities upgraded shares of Banco Santander Chile from a “market perform” rating to an “outperform” rating in a report on Thursday, March 19th. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Banco Santander Chile currently has an average rating of “Hold” and a consensus target price of $35.50.

Banco Santander Chile Trading Down 0.9%

Shares of Banco Santander Chile stock opened at $30.34 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.94. Banco Santander Chile has a 12-month low of $22.77 and a 12-month high of $37.72. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.88 and a beta of 0.53. The firm’s 50-day moving average price is $33.13 and its two-hundred day moving average price is $32.22.

Banco Santander Chile (NYSE:BSAC) last issued its earnings results on Monday, April 13th. The bank reported $0.63 EPS for the quarter. The company had revenue of $787.51 million during the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.01%. On average, analysts forecast that Banco Santander Chile will post 2.86 earnings per share for the current fiscal year.

Banco Santander Chile Company Profile

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.