Banco Santander Chile $BSAC Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP trimmed its holdings in Banco Santander Chile (NYSE:BSAC) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 806,568 shares of the bank’s stock after selling 44,300 shares during the period. Banco Santander Chile comprises 1.2% of RWC Asset Management LLP’s portfolio, making the stock its 24th biggest holding. RWC Asset Management LLP’s holdings in Banco Santander Chile were worth $25,092,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BSAC. Raymond James Financial Inc. acquired a new stake in Banco Santander Chile in the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its holdings in Banco Santander Chile by 577.8% in 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 last quarter. Farther Finance Advisors LLC lifted its stake in Banco Santander Chile by 199.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock valued at $47,000 after buying an additional 1,007 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in Banco Santander Chile during the third quarter valued at about $152,000. Finally, Seldon Capital LP purchased a new stake in Banco Santander Chile during the second quarter valued at about $200,000. 6.42% of the stock is owned by institutional investors and hedge funds.

Banco Santander Chile Trading Up 0.1%

Shares of BSAC stock opened at $30.06 on Monday. Banco Santander Chile has a 12 month low of $22.77 and a 12 month high of $37.72. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.26. The business’s 50 day moving average is $32.39 and its two-hundred day moving average is $32.56. The company has a market cap of $14.16 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.71 and a beta of 0.52.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings results on Monday, April 13th. The bank reported $0.63 EPS for the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%.The company had revenue of $791.52 million for the quarter. Equities analysts predict that Banco Santander Chile will post 2.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a research note on Monday, April 20th. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. UBS Group reduced their price objective on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a research note on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.00.

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.