Sava Infond d.o.o. Purchases Shares of 13,000 Banco Santander-Chile (NYSE:BSAC)

Sava Infond d.o.o. acquired a new position in Banco Santander-Chile (NYSE:BSAC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,000 shares of the bank’s stock, valued at approximately $245,000.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Banco Santander-Chile by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 3,988,659 shares of the bank’s stock worth $75,226,000 after purchasing an additional 61,242 shares during the period. Franklin Resources Inc. boosted its position in shares of Banco Santander-Chile by 1.1% in the third quarter. Franklin Resources Inc. now owns 3,164,490 shares of the bank’s stock worth $63,859,000 after buying an additional 33,291 shares during the period. Itau Unibanco Holding S.A. grew its stake in shares of Banco Santander-Chile by 79.6% in the third quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank’s stock valued at $6,164,000 after buying an additional 131,637 shares in the last quarter. State Street Corp raised its holdings in shares of Banco Santander-Chile by 25.3% during the 3rd quarter. State Street Corp now owns 293,049 shares of the bank’s stock valued at $6,084,000 after buying an additional 59,215 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Banco Santander-Chile by 10.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 258,377 shares of the bank’s stock worth $4,873,000 after acquiring an additional 24,923 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America downgraded shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $21.00 in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.33.

Banco Santander-Chile Trading Down 0.2 %

NYSE:BSAC opened at $23.47 on Friday. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83. Banco Santander-Chile has a one year low of $17.73 and a one year high of $23.80. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. The business’s 50-day simple moving average is $21.79 and its 200 day simple moving average is $20.34.

Banco Santander-Chile (NYSE:BSAC) last announced its earnings results on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. As a group, sell-side analysts predict 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.