Banco de Sabadell S.A decreased its position in shares of Banco Santander-Chile (NYSE:BSAC) by 19.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 10,867 shares of the bank’s stock after selling 2,589 shares during the period. Banco de Sabadell S.A’s holdings in Banco Santander-Chile were worth $342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Schroder Investment Management Group lifted its stake in shares of Banco Santander-Chile by 0.4% during the first quarter. Schroder Investment Management Group now owns 2,652,140 shares of the bank’s stock valued at $88,873,000 after buying an additional 9,311 shares during the period. FMR LLC raised its stake in Banco Santander-Chile by 5.4% during the second quarter. FMR LLC now owns 2,148,837 shares of the bank’s stock worth $67,538,000 after purchasing an additional 109,976 shares during the period. USS Investment Management Ltd raised its stake in Banco Santander-Chile by 13.9% during the first quarter. USS Investment Management Ltd now owns 1,642,174 shares of the bank’s stock worth $54,282,000 after purchasing an additional 200,000 shares during the period. BlackRock Inc. raised its stake in Banco Santander-Chile by 4.1% during the first quarter. BlackRock Inc. now owns 1,186,707 shares of the bank’s stock worth $39,766,000 after purchasing an additional 46,844 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Banco Santander-Chile by 14.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,155,759 shares of the bank’s stock worth $36,330,000 after purchasing an additional 147,008 shares during the period. 14.31% of the stock is currently owned by institutional investors and hedge funds.

NYSE:BSAC opened at $31.02 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.15. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.22 and a beta of 0.83. Banco Santander-Chile has a fifty-two week low of $26.41 and a fifty-two week high of $35.09.

Banco Santander-Chile (NYSE:BSAC) last posted its quarterly earnings results on Thursday, July 26th. The bank reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.04). The company had revenue of $717.19 million for the quarter, compared to analysts’ expectations of $791.94 million. Banco Santander-Chile had a return on equity of 18.51% and a net margin of 22.71%. equities analysts predict that Banco Santander-Chile will post 2.03 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, May 22nd. ValuEngine downgraded shares of Banco Santander-Chile from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 29th. Finally, JPMorgan Chase & Co. raised shares of Banco Santander-Chile from a “neutral” rating to a “buy” rating and cut their price target for the stock from $35.00 to $34.00 in a research note on Thursday, September 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Banco Santander-Chile has an average rating of “Hold” and an average price target of $34.33.

Banco Santander-Chile Company Profile

Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.

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Institutional Ownership by Quarter for Banco Santander-Chile (NYSE:BSAC)

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