Banco Santander-Chile (NYSE:BSAC) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in Banco Santander-Chile (NYSE:BSAC) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 44,401 shares of the bank’s stock after selling 2,461 shares during the period. Orion Portfolio Solutions LLC’s holdings in Banco Santander-Chile were worth $837,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Banco Santander-Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock valued at $58,000 after buying an additional 903 shares during the period. R Squared Ltd acquired a new stake in Banco Santander-Chile during the fourth quarter worth $61,000. Corient Private Wealth LLC purchased a new stake in Banco Santander-Chile in the fourth quarter valued at $232,000. Sava Infond d.o.o. acquired a new position in shares of Banco Santander-Chile in the 4th quarter valued at $245,000. Finally, Blue Trust Inc. increased its position in shares of Banco Santander-Chile by 11.0% during the 4th quarter. Blue Trust Inc. now owns 18,415 shares of the bank’s stock worth $382,000 after purchasing an additional 1,831 shares during the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

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

Banco Santander-Chile Trading Down 5.9 %

BSAC opened at $21.76 on Monday. Banco Santander-Chile has a 52 week low of $17.73 and a 52 week high of $23.80. 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 business has a fifty day simple moving average of $22.18 and a 200-day simple moving average of $20.46. The firm has a market cap of $10.25 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.96 and a beta of 0.72.

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

Banco Santander-Chile 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.