Dimensional Fund Advisors LP reduced its position in Banco Santander-Chile (NASDAQ:BSAC) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 946,505 shares of the bank’s stock after selling 106,131 shares during the period. Dimensional Fund Advisors LP owned approximately 0.20% of Banco Santander-Chile worth $23,741,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Pictet Asset Management Ltd. raised its position in shares of Banco Santander-Chile by 8.6% in the first quarter. Pictet Asset Management Ltd. now owns 31,688 shares of the bank’s stock worth $795,000 after buying an additional 2,500 shares during the period. Comerica Bank raised its position in shares of Banco Santander-Chile by 1.3% in the first quarter. Comerica Bank now owns 27,055 shares of the bank’s stock worth $638,000 after buying an additional 352 shares during the period. BNP Paribas Arbitrage SA bought a new position in shares of Banco Santander-Chile during the first quarter worth approximately $235,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Banco Santander-Chile by 27.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,930 shares of the bank’s stock worth $299,000 after buying an additional 2,580 shares during the period. Finally, Eqis Capital Management Inc. bought a new position in shares of Banco Santander-Chile during the first quarter worth approximately $428,000.
Banco Santander-Chile (NASDAQ:BSAC) opened at 29.12 on Friday. Banco Santander-Chile has a one year low of $20.22 and a one year high of $30.02. The stock has a market cap of $13.72 billion and a PE ratio of 18.20. The company’s 50 day moving average is $27.46 and its 200 day moving average is $24.78.
Banco Santander-Chile (NASDAQ:BSAC) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. Banco Santander-Chile had a net margin of 29.10% and a return on equity of 20.58%. The firm had revenue of $704.02 million for the quarter, compared to analysts’ expectations of $458.92 million. During the same period in the previous year, the business earned $0.40 earnings per share. On average, equities research analysts expect that Banco Santander-Chile will post $1.77 EPS for the current year.
A number of equities analysts have recently issued reports on BSAC shares. Zacks Investment Research upgraded shares of Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, June 6th. BidaskClub upgraded shares of Banco Santander-Chile from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Goldman Sachs Group, Inc. (The) raised their target price on shares of Banco Santander-Chile from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.25.
Banco Santander-Chile Company Profile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.
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