Banco Santander Chile $BSAC Shares Acquired by INCA Investments LLC

INCA Investments LLC raised its holdings in Banco Santander Chile (NYSE:BSAC) by 36.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 715,192 shares of the bank’s stock after purchasing an additional 191,014 shares during the period. Banco Santander Chile makes up about 8.7% of INCA Investments LLC’s portfolio, making the stock its 5th largest holding. INCA Investments LLC owned approximately 0.15% of Banco Santander Chile worth $18,953,000 as of its most recent SEC filing.

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

Banco Santander Chile Trading Up 2.6%

Shares of Banco Santander Chile stock opened at $36.15 on Tuesday. The firm’s 50 day moving average is $32.07 and its 200 day moving average is $28.21. The firm has a market capitalization of $16.59 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58. Banco Santander Chile has a 1 year low of $20.04 and a 1 year high of $37.72. 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 (NYSE:BSAC) last issued its earnings results on Monday, November 17th. The bank reported $0.99 earnings per share for the quarter. The firm had revenue of $740.10 million for the quarter. Banco Santander Chile had a net margin of 24.57% and a return on equity of 23.25%. Equities research analysts forecast that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BSAC shares. JPMorgan Chase & Co. boosted their price target on Banco Santander Chile from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Wall Street Zen downgraded shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Tuesday, December 30th. Citigroup lowered shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. UBS Group boosted their price objective on shares of Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $27.67.

Banco Santander Chile 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.