Thrivent Financial for Lutherans Acquires Shares of 14,377 Banco Santander Chile $BSAC

Thrivent Financial for Lutherans bought a new stake in Banco Santander Chile (NYSE:BSAC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,377 shares of the bank’s stock, valued at approximately $381,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Simplex Trading LLC bought a new stake in shares of Banco Santander Chile in the second quarter worth $25,000. TD Waterhouse Canada Inc. boosted its stake in Banco Santander Chile by 10.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 11,625 shares of the bank’s stock valued at $307,000 after acquiring an additional 1,123 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings 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 worth $600,000 after acquiring an additional 1,275 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Banco Santander Chile in the 2nd quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC increased its position 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 worth $39,000 after purchasing an additional 1,329 shares during the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Chile Stock Performance

Shares of NYSE BSAC opened at $35.36 on Wednesday. Banco Santander Chile has a 12-month low of $20.77 and a 12-month high of $37.72. 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 stock’s 50 day simple moving average is $33.43 and its 200 day simple moving average is $29.21.

Banco Santander Chile (NYSE:BSAC) last issued its earnings results on Monday, February 9th. The bank reported $0.62 earnings per share for the quarter. The firm had revenue of $740.07 million for the quarter. Banco Santander Chile had a return on equity of 23.25% and a net margin of 24.57%. Research analysts expect that Banco Santander Chile will post 2.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BSAC shares. Citigroup cut shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. UBS Group upped their price objective on Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, January 21st. Wall Street Zen downgraded Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Tuesday, December 30th. Finally, The Goldman Sachs Group lowered Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Banco Santander Chile has an average rating of “Reduce” and an average target price of $27.67.

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.