Corient Private Wealth LLC Takes Position in Banco Santander-Chile (NYSE:BSAC)

Corient Private Wealth LLC bought a new position in Banco Santander-Chile (NYSE:BSAC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,284 shares of the bank’s stock, valued at approximately $232,000.

A number of other institutional investors have also recently bought and sold shares of the business. Itau Unibanco Holding S.A. lifted its holdings in shares of Banco Santander-Chile by 79.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank’s stock worth $6,164,000 after acquiring an additional 131,637 shares during the period. Point72 Asset Management L.P. bought a new position in Banco Santander-Chile during the third quarter worth about $902,000. State Street Corp boosted its holdings in Banco Santander-Chile by 25.3% during the third quarter. State Street Corp now owns 293,049 shares of the bank’s stock valued at $6,084,000 after purchasing an additional 59,215 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Banco Santander-Chile in the 3rd quarter valued at approximately $527,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Banco Santander-Chile in the 3rd quarter worth approximately $1,724,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander-Chile Price Performance

NYSE:BSAC opened at $22.79 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The firm has a market cap of $10.74 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83. Banco Santander-Chile has a 12 month low of $17.73 and a 12 month high of $23.80. The company’s 50-day moving average price is $21.94 and its two-hundred day moving average price is $20.39.

Banco Santander-Chile (NYSE:BSAC) last announced its earnings results on Friday, January 31st. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). Banco Santander-Chile had a return on equity of 19.15% and a net margin of 19.16%. On average, equities analysts anticipate that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America lowered Banco Santander-Chile from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $21.00 in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.33.

Banco Santander-Chile Company Profile

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.