Banco Santander Chile $BSAC Stock Position Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in Banco Santander Chile (NYSE:BSAC) by 200.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 832,647 shares of the bank’s stock after acquiring an additional 555,919 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Banco Santander Chile were worth $22,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Simplex Trading LLC bought a new position in Banco Santander Chile during the second quarter worth $25,000. Raymond James Financial Inc. acquired a new stake in shares of Banco Santander Chile during the second quarter worth $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of Banco Santander Chile by 577.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after purchasing an additional 1,329 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Banco Santander Chile by 380.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,532 shares of the bank’s stock worth $89,000 after buying an additional 2,797 shares during the last quarter. Finally, Seldon Capital LP acquired a new position in shares of Banco Santander Chile in the 2nd quarter valued at about $200,000. 6.42% of the stock is owned by institutional investors and hedge funds.

Banco Santander Chile Stock Performance

BSAC opened at $32.24 on Friday. The business has a 50 day moving average price of $30.30 and a two-hundred day moving average price of $26.96. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $15.19 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 0.74 and a beta of 0.56. Banco Santander Chile has a 1-year low of $18.19 and a 1-year high of $33.49.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings data on Monday, November 17th. The bank reported $0.99 EPS for the quarter. The company had revenue of $740.10 million for the quarter. Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%. Research analysts predict that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BSAC. JPMorgan Chase & Co. raised their target price on shares of Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. UBS Group increased their price target on Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Citigroup lowered Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. Wall Street Zen downgraded Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $27.67.

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.