Candriam S.C.A. Lowers Stake in Banco Santander Chile $BSAC

Candriam S.C.A. reduced its stake in shares of Banco Santander Chile (NYSE:BSAC) by 55.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 486,713 shares of the bank’s stock after selling 614,887 shares during the period. Candriam S.C.A. owned approximately 0.10% of Banco Santander Chile worth $12,275,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. RWC Asset Management LLP lifted its stake in Banco Santander Chile by 45.3% during the first quarter. RWC Asset Management LLP now owns 826,754 shares of the bank’s stock worth $18,850,000 after purchasing an additional 257,895 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Banco Santander Chile by 120.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 276,728 shares of the bank’s stock valued at $6,979,000 after purchasing an additional 151,310 shares during the last quarter. Strs Ohio purchased a new position in shares of Banco Santander Chile during the 1st quarter valued at about $2,990,000. SBI Securities Co. Ltd. lifted 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 worth $3,147,000 after buying an additional 124,770 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Banco Santander Chile by 457.1% in the 1st quarter. AQR Capital Management LLC now owns 107,076 shares of the bank’s stock worth $2,441,000 after buying an additional 87,856 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Trading Down 1.5%

Shares of BSAC opened at $29.14 on Friday. The stock has a market capitalization of $13.73 billion, a P/E ratio of 12.56, a PEG ratio of 0.74 and a beta of 0.74. Banco Santander Chile has a twelve month low of $18.19 and a twelve month high of $30.75. The company has a quick ratio of 1.77, a current ratio of 1.87 and a debt-to-equity ratio of 2.51. The firm has a fifty day simple moving average of $27.36 and a two-hundred day simple moving average of $25.34.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings data on Thursday, October 30th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). The firm had revenue of $581.56 million during 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, research analysts anticipate that Banco Santander Chile will post 2.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BSAC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, October 8th. UBS Group increased their target price 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. boosted their price target on shares of Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Citigroup lowered shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Wall Street Zen downgraded Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Banco Santander Chile currently has an average rating of “Reduce” and an average price target of $27.67.

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.