Vanguard Group Inc. Purchases 178,061 Shares of Banco Santander-Chile (NASDAQ:BSAC)
Vanguard Group Inc. boosted its position in Banco Santander-Chile (NASDAQ:BSAC) by 10.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,923,488 shares of the bank’s stock after buying an additional 178,061 shares during the period. Vanguard Group Inc.’s holdings in Banco Santander-Chile were worth $48,241,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Banco Santander-Chile by 4.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,631 shares of the bank’s stock worth $2,148,000 after buying an additional 3,600 shares during the period. Pictet Asset Management Ltd. increased its stake in Banco Santander-Chile by 8.6% in the first quarter. Pictet Asset Management Ltd. now owns 31,688 shares of the bank’s stock worth $795,000 after buying an additional 2,500 shares during the period. Comerica Bank increased its stake in Banco Santander-Chile by 1.3% in the first quarter. Comerica Bank now owns 27,055 shares of the bank’s stock worth $638,000 after buying an additional 352 shares during the period. BNP Paribas Arbitrage SA purchased a new stake in Banco Santander-Chile during the first quarter worth $235,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Banco Santander-Chile by 27.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,930 shares of the bank’s stock worth $299,000 after buying an additional 2,580 shares during the period.
Banco Santander-Chile (NASDAQ BSAC) traded down 0.17% during midday trading on Friday, reaching $29.16. The company’s stock had a trading volume of 77,642 shares. The firm has a 50 day moving average price of $26.77 and a 200-day moving average price of $24.47. Banco Santander-Chile has a 52 week low of $20.22 and a 52 week high of $30.02. The firm has a market cap of $13.74 billion and a P/E ratio of 18.23.
Banco Santander-Chile (NASDAQ:BSAC) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The business had revenue of $704.02 million for the quarter, compared to analyst estimates of $458.92 million. Banco Santander-Chile had a net margin of 29.10% and a return on equity of 20.58%. During the same quarter last year, the business posted $0.40 EPS. On average, analysts forecast that Banco Santander-Chile will post $1.77 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on BSAC shares. Zacks Investment Research downgraded Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $26.00 price objective (up from $25.00) on shares of Banco Santander-Chile in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.25.
Banco Santander-Chile Company Profile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.
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