Aberdeen Group plc Raises Position in Banco Santander Chile $BSAC

Aberdeen Group plc raised its stake in shares of Banco Santander Chile (NYSE:BSAC) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 738,038 shares of the bank’s stock after purchasing an additional 72,203 shares during the period. Aberdeen Group plc owned 0.16% of Banco Santander Chile worth $18,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group raised its position in Banco Santander Chile by 54,450.0% during the first quarter. Brooklyn Investment Group now owns 1,091 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,089 shares during the period. GAMMA Investing LLC grew its stake in shares of Banco Santander Chile by 3,456.9% during the first quarter. GAMMA Investing LLC now owns 8,003 shares of the bank’s stock valued at $182,000 after buying an additional 7,778 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Banco Santander Chile during the first quarter valued at approximately $206,000. Natixis Advisors LLC bought a new position in shares of Banco Santander Chile during the first quarter valued at approximately $238,000. Finally, Acadian Asset Management LLC bought a new position in shares of Banco Santander Chile during the first quarter valued at approximately $240,000. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on BSAC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. Wall Street Zen cut Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $24.00.

Banco Santander Chile Stock Up 0.1%

BSAC stock opened at $26.77 on Wednesday. The firm has a market cap of $12.61 billion, a PE ratio of 11.15, a PEG ratio of 1.00 and a beta of 0.73. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.77 and a current ratio of 1.77. Banco Santander Chile has a one year low of $18.19 and a one year high of $27.07. The firm’s 50 day moving average price is $25.25 and its 200-day moving average price is $24.43.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The company had revenue of $757.38 million for the quarter, compared to analysts’ expectations of $758.17 million. Banco Santander Chile had a return on equity of 22.17% and a net margin of 24.32%. On average, equities research analysts anticipate that Banco Santander Chile will post 2.07 EPS for the current year.

Banco Santander Chile Company Profile

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.