SPX Gestao de Recursos Ltda Acquires New Stake in Banco Santander-Chile (NYSE:BSAC)

SPX Gestao de Recursos Ltda bought a new position in Banco Santander-Chile (NYSE:BSACFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 30,000 shares of the bank’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds have also modified their holdings of BSAC. Parallel Advisors LLC increased its holdings in shares of Banco Santander-Chile by 115.5% in the 4th quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock worth $33,000 after purchasing an additional 902 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of Banco Santander-Chile in the 4th quarter worth $181,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Banco Santander-Chile by 9.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock worth $222,000 after buying an additional 1,033 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Banco Santander-Chile by 9.7% in the 4th quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock worth $343,000 after buying an additional 1,551 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in shares of Banco Santander-Chile by 8.4% in the 3rd quarter. Alps Advisors Inc. now owns 33,829 shares of the bank’s stock worth $620,000 after buying an additional 2,632 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Stock Performance

NYSE BSAC traded down $0.07 on Friday, hitting $18.88. 254,929 shares of the company traded hands, compared to its average volume of 263,665. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 0.38 and a beta of 0.84. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 3.44. The business’s 50 day moving average price is $19.17 and its 200-day moving average price is $19.19. Banco Santander-Chile has a 52-week low of $16.89 and a 52-week high of $21.81.

Banco Santander-Chile (NYSE:BSACGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The business had revenue of $524.08 million for the quarter, compared to the consensus estimate of $544.26 million. Banco Santander-Chile had a net margin of 9.58% and a return on equity of 9.62%. Equities analysts expect that Banco Santander-Chile will post 1.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Banco Santander-Chile from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.97.

Check Out Our Latest Report on Banco Santander-Chile

Banco Santander-Chile Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BSAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander-Chile (NYSE:BSACFree Report).

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

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