931,502 Shares in Banco Santander Chile $BSAC Bought by TT International Asset Management LTD

TT International Asset Management LTD purchased a new stake in Banco Santander Chile (NYSE:BSAC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 931,502 shares of the bank’s stock, valued at approximately $24,685,000. Banco Santander Chile accounts for about 3.4% of TT International Asset Management LTD’s investment portfolio, making the stock its 9th biggest holding. TT International Asset Management LTD owned about 0.20% of Banco Santander Chile at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cardinal Capital Management lifted its stake in shares of Banco Santander Chile by 0.9% in the second quarter. Cardinal Capital Management now owns 99,974 shares of the bank’s stock valued at $2,521,000 after buying an additional 875 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of Banco Santander Chile in the 2nd quarter worth about $25,000. Brooklyn Investment Group lifted its position in Banco Santander Chile by 54,450.0% in the 1st quarter. Brooklyn Investment Group now owns 1,091 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,089 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Banco Santander Chile by 5.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,789 shares of the bank’s stock valued at $600,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Banco Santander Chile during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander Chile Stock Performance

Shares of Banco Santander Chile stock opened at $30.59 on Tuesday. The business’s fifty day simple moving average is $28.99 and its 200 day simple moving average is $26.15. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.51. Banco Santander Chile has a 12 month low of $18.19 and a 12 month high of $31.37. The firm has a market capitalization of $14.41 billion, a P/E ratio of 13.18, a price-to-earnings-growth ratio of 0.78 and a beta of 0.58.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings data on Monday, November 17th. The bank reported $0.99 earnings per share (EPS) for the quarter. The firm had revenue of $740.10 million during the quarter. Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%. As a group, analysts anticipate that Banco Santander Chile will post 2.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BSAC shares. UBS Group raised their target price on Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Wall Street Zen lowered Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Sunday. Citigroup cut Banco Santander Chile from a “buy” rating to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. Finally, 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. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Banco Santander Chile presently has a consensus 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.