TD Waterhouse Canada Inc. Purchases 9,835 Shares of Banco Santander Chile $BSAC

TD Waterhouse Canada Inc. boosted its position in Banco Santander Chile (NYSE:BSAC) by 1,474.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,502 shares of the bank’s stock after acquiring an additional 9,835 shares during the period. TD Waterhouse Canada Inc.’s holdings in Banco Santander Chile were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BSAC. Creative Planning increased its holdings in shares of Banco Santander Chile by 19.1% during the second quarter. Creative Planning now owns 16,854 shares of the bank’s stock valued at $425,000 after acquiring an additional 2,697 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Banco Santander Chile by 26.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,433 shares of the bank’s stock valued at $263,000 after purchasing an additional 2,165 shares during the period. SBI Securities Co. Ltd. grew its position in Banco Santander Chile by 462,111.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 124,797 shares of the bank’s stock valued at $3,147,000 after purchasing an additional 124,770 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Banco Santander Chile by 6.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 331,088 shares of the bank’s stock valued at $8,350,000 after purchasing an additional 19,811 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Banco Santander Chile during the second quarter worth $202,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

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

Banco Santander Chile Trading Up 0.3%

NYSE:BSAC opened at $29.40 on Tuesday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.73 and a beta of 0.74. Banco Santander Chile has a 52 week low of $18.19 and a 52 week high of $30.75. The firm has a 50-day moving average price of $27.79 and a two-hundred day moving average price of $25.59.

Banco Santander Chile (NYSE:BSAC) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). The business had revenue of $581.56 million for the quarter, compared to analysts’ expectations of $732.50 million. Banco Santander Chile had a net margin of 24.74% and a return on equity of 22.18%. On average, equities analysts expect that Banco Santander Chile will post 2.07 earnings per share for the current fiscal 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.