Savant Capital LLC Makes New Investment in Banco Santander Chile $BSAC

Savant Capital LLC acquired a new stake in Banco Santander Chile (NYSE:BSAC) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,955 shares of the bank’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Candriam S.C.A. purchased a new position in shares of Banco Santander Chile in the first quarter worth $25,116,000. RWC Asset Management LLP grew its holdings in Banco Santander Chile by 45.3% in the 1st quarter. RWC Asset Management LLP now owns 826,754 shares of the bank’s stock worth $18,850,000 after acquiring an additional 257,895 shares during the last quarter. Aberdeen Group plc increased its position in shares of Banco Santander Chile by 10.8% in the second quarter. Aberdeen Group plc now owns 738,038 shares of the bank’s stock valued at $18,525,000 after acquiring an additional 72,203 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Banco Santander Chile by 20.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 311,277 shares of the bank’s stock valued at $7,097,000 after acquiring an additional 52,900 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Banco Santander Chile by 120.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 276,728 shares of the bank’s stock worth $6,979,000 after purchasing an additional 151,310 shares during the period. Institutional investors own 6.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Banco Santander Chile from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. UBS Group upped their target price on Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Citigroup lowered Banco Santander Chile from a “buy” rating to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $27.67.

Banco Santander Chile Stock Up 1.1%

Shares of Banco Santander Chile stock opened at $29.52 on Thursday. Banco Santander Chile has a 1 year low of $18.19 and a 1 year high of $30.75. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.73 and a beta of 0.74. The company has a 50-day moving average of $27.59 and a 200 day moving average of $25.47. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.87 and a quick ratio of 1.77.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $0.50 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.06). Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%.The business had revenue of $581.56 million for the quarter, compared to the consensus estimate of $732.50 million. As a group, sell-side analysts anticipate that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Banco Santander Chile 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.