UBS Group AG Purchases 32,297 Shares of Banco Santander Chile $BSAC

UBS Group AG grew its position in Banco Santander Chile (NYSE:BSAC) by 69.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,855 shares of the bank’s stock after purchasing an additional 32,297 shares during the quarter. UBS Group AG’s holdings in Banco Santander Chile were worth $2,453,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Banco Santander Chile during the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC grew its holdings in Banco Santander Chile by 199.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock valued at $47,000 after buying an additional 1,007 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Banco Santander Chile by 577.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after buying an additional 1,329 shares during the period. Quadrant Capital Group LLC bought a new position in Banco Santander Chile during the 3rd quarter worth $152,000. Finally, Tuttle Capital Management LLC acquired a new stake in shares of Banco Santander Chile during the fourth quarter worth $211,000. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Price Performance

Shares of NYSE:BSAC opened at $32.12 on Wednesday. The firm has a 50 day moving average of $32.49 and a 200-day moving average of $32.48. The stock has a market capitalization of $15.13 billion, a PE ratio of 13.84, a PEG ratio of 0.73 and a beta of 0.53. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.26. Banco Santander Chile has a 12 month low of $22.77 and a 12 month high of $37.72.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings results on Monday, April 13th. The bank reported $0.63 earnings per share (EPS) for the quarter. The business had revenue of $791.52 million for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. On average, equities research analysts predict that Banco Santander Chile will post 2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BSAC. Bank of America raised shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a research report on Wednesday, April 1st. UBS Group lowered their price target on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Erste Group Bank upgraded shares of Banco Santander Chile to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a report on Monday, April 20th. Finally, Itau BBA Securities upgraded shares of Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Banco Santander Chile has a consensus rating of “Hold” and a consensus price target of $36.00.

About Banco Santander Chile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.