Banco Santander-Chile (BSAC) Stake Lowered by Wells Fargo & Company MN
Wells Fargo & Company MN lessened its holdings in Banco Santander-Chile (NASDAQ:BSAC) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,513,090 shares of the bank’s stock after selling 104,693 shares during the period. Wells Fargo & Company MN owned about 0.75% of Banco Santander-Chile worth $89,268,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of BSAC. Profund Advisors LLC boosted its position in shares of Banco Santander-Chile by 102.6% in the first quarter. Profund Advisors LLC now owns 23,607 shares of the bank’s stock worth $592,000 after buying an additional 11,956 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Banco Santander-Chile in the first quarter worth $224,000. Sumitomo Mitsui Trust Holdings Inc. boosted 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. BNP Paribas Arbitrage SA acquired a new stake in shares of Banco Santander-Chile in the first quarter worth $235,000. Finally, Comerica Bank boosted 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.
A number of research firms recently issued reports on BSAC. Zacks Investment Research cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub raised Banco Santander-Chile from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Banco Santander-Chile currently has an average rating of “Hold” and an average target price of $27.00.
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Shares of Banco Santander-Chile (NASDAQ BSAC) opened at 29.57 on Wednesday. The firm has a 50 day moving average price of $28.92 and a 200-day moving average price of $25.63. Banco Santander-Chile has a 12 month low of $20.22 and a 12 month high of $30.18. The firm has a market cap of $13.93 billion and a PE ratio of 18.48.
Banco Santander-Chile (NASDAQ:BSAC) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.48 EPS for the quarter, topping the Zacks’ 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 company had revenue of $704.02 million during the quarter, compared to the consensus estimate of $458.92 million. During the same period in the prior year, the business posted $0.40 EPS. On average, analysts predict that Banco Santander-Chile will post $1.82 EPS for the current fiscal year.
Banco Santander-Chile 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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