Banco Santander-Chile (NYSE:BSAC) Shares Purchased by abrdn plc

abrdn plc boosted its position in Banco Santander-Chile (NYSE:BSAC) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 730,572 shares of the bank’s stock after purchasing an additional 2,987 shares during the period. abrdn plc’s holdings in Banco Santander-Chile were worth $14,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BSAC. RWC Asset Management LLP increased its holdings in Banco Santander-Chile by 48.7% in the third quarter. RWC Asset Management LLP now owns 495,671 shares of the bank’s stock valued at $9,091,000 after buying an additional 162,396 shares in the last quarter. DNB Asset Management AS purchased a new position in shares of Banco Santander-Chile during the 4th quarter worth approximately $2,669,000. Barclays PLC purchased a new position in shares of Banco Santander-Chile during the 3rd quarter worth approximately $658,000. NS Partners Ltd increased its stake in shares of Banco Santander-Chile by 8.0% during the 3rd quarter. NS Partners Ltd now owns 487,236 shares of the bank’s stock worth $8,936,000 after purchasing an additional 35,900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Banco Santander-Chile by 11.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 249,224 shares of the bank’s stock worth $4,857,000 after purchasing an additional 25,393 shares in the last quarter. 6.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.97.

Banco Santander-Chile Trading Down 0.1 %

Shares of BSAC opened at $18.22 on Friday. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a 50 day simple moving average of $19.48 and a 200-day simple moving average of $18.94. Banco Santander-Chile has a 1-year low of $16.89 and a 1-year high of $21.81. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.37 and a beta of 0.82.

Banco Santander-Chile (NYSE:BSAC) last released its earnings results on Friday, February 2nd. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $621.60 million during the quarter, compared to analysts’ expectations of $609.98 million. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. Equities analysts forecast that Banco Santander-Chile will post 1.85 EPS for the current fiscal year.

About Banco Santander-Chile

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