Banco Santander Chile $BSAC Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in shares of Banco Santander Chile (NYSE:BSAC) by 13.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 543,829 shares of the bank’s stock after selling 82,389 shares during the quarter. Renaissance Technologies LLC’s holdings in Banco Santander Chile were worth $18,164,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BSAC. Raymond James Financial Inc. purchased a new stake in Banco Santander Chile in the second quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its stake in shares of Banco Santander Chile by 577.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,329 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Banco Santander Chile by 199.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after purchasing an additional 1,007 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Banco Santander Chile by 739.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock worth $47,000 after purchasing an additional 1,309 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Banco Santander Chile by 703.0% during the 4th quarter. Barclays PLC now owns 2,666 shares of the bank’s stock worth $83,000 after purchasing an additional 2,334 shares during the last quarter. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on BSAC. The Goldman Sachs Group upped their target price on shares of Banco Santander Chile from $29.00 to $33.00 and gave the company a “sell” rating in a research report on Thursday, July 16th. Erste Group Bank upgraded shares of Banco Santander Chile to a “strong-buy” rating in a research report on Tuesday, May 5th. UBS Group reduced 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 note on Friday, May 22nd. Citigroup upgraded shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Finally, Wall Street Zen cut shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.40.

Banco Santander Chile Trading Up 2.4%

BSAC opened at $35.02 on Friday. The business has a fifty day moving average price of $32.59 and a 200 day moving average price of $33.20. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.48 and a quick ratio of 0.48. Banco Santander Chile has a 12 month low of $22.77 and a 12 month high of $37.72. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.80 and a beta of 0.52.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings results on Tuesday, June 30th. The bank reported $0.87 EPS for the quarter. The company had revenue of $905.26 million during the quarter. Banco Santander Chile had a net margin of 27.04% and a return on equity of 23.14%. Sell-side analysts expect that Banco Santander Chile will post 2.89 earnings per share for the current fiscal year.

Banco Santander Chile Company Profile

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.