Mondrian Investment Partners LTD Sells 502,200 Shares of Banco Santander-Chile (NASDAQ:BSAC)
Mondrian Investment Partners LTD decreased its position in Banco Santander-Chile (NASDAQ:BSAC) by 22.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,690,361 shares of the bank’s stock after selling 502,200 shares during the period. Mondrian Investment Partners LTD’s holdings in Banco Santander-Chile were worth $42,952,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of BSAC. Financial Counselors Inc. raised its position in Banco Santander-Chile by 0.8% in the first quarter. Financial Counselors Inc. now owns 12,277 shares of the bank’s stock worth $308,000 after buying an additional 92 shares in the last quarter. Global X Management Co. LLC raised its position in Banco Santander-Chile by 1.4% in the second quarter. Global X Management Co. LLC now owns 7,605 shares of the bank’s stock worth $193,000 after buying an additional 108 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Banco Santander-Chile by 1.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,397 shares of the bank’s stock worth $311,000 after buying an additional 200 shares in the last quarter. Huntington National Bank raised its position in Banco Santander-Chile by 4.7% in the second quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock worth $121,000 after buying an additional 212 shares in the last quarter. Finally, Comerica Bank raised its position in 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 in the last quarter.
Banco Santander-Chile (NASDAQ BSAC) opened at 29.21 on Friday. Banco Santander-Chile has a 12-month low of $20.22 and a 12-month high of $30.02. The stock has a market capitalization of $13.76 billion and a price-to-earnings ratio of 18.26. The stock’s 50 day moving average is $26.77 and its 200 day moving average is $24.47.
Banco Santander-Chile (NASDAQ:BSAC) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Banco Santander-Chile had a return on equity of 20.58% and a net margin of 29.10%. The business had revenue of $704.02 million during the quarter, compared to analysts’ expectations of $458.92 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities research analysts forecast that Banco Santander-Chile will post $1.77 EPS for the current fiscal year.
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A number of research firms have issued reports on BSAC. BidaskClub raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Zacks Investment Research raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) raised their price target on shares of Banco Santander-Chile from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 2nd. Finally, Credit Suisse Group reissued a “neutral” rating and set a $26.00 price target (up from $25.00) on shares of Banco Santander-Chile in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus 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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