108,284 Shares in Banco Santander Chile $BSAC Bought by Deprince Race & Zollo Inc.

Key Points

• Deprince Race & Zollo Inc. purchased a new position of 108,284 shares of Banco Santander Chile (NYSE:BSAC) in Q4, valued at about $3.37 million per its latest 13F filing.
• Wall Street sentiment is mixed-to-cautiously positive: several brokers upgraded the stock (JPMorgan to overweight with a $40 target), but the consensus rating remains "Hold" with an average price target of $35.50.
• Key fundamentals: BSAC trades near $35.25 with a market cap of $16.6 billion, a P/E of 15.33, and a 12‑month range of $22.44–$37.72.

Deprince Race & Zollo Inc. purchased a new position in Banco Santander Chile (NYSE:BSAC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 108,284 shares of the bank's stock, valued at approximately $3,369,000.

A number of other institutional investors also recently bought and sold shares of BSAC. Raymond James Financial Inc. bought a new stake in Banco Santander Chile in the second quarter worth $33,000. EverSource Wealth Advisors LLC lifted its position in Banco Santander Chile by 577.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank's stock worth $39,000 after buying an additional 1,329 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in Banco Santander Chile in the third quarter worth $152,000. Seldon Capital LP bought a new stake in Banco Santander Chile in the second quarter worth $200,000. Finally, Tuttle Capital Management LLC bought a new stake in Banco Santander Chile in the fourth quarter worth $211,000. 6.42% of the stock is currently owned by institutional investors.

Banco Santander Chile Stock Performance

BSAC stock opened at $35.25 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.94. The business's fifty day simple moving average is $33.76 and its two-hundred day simple moving average is $31.50. Banco Santander Chile has a twelve month low of $22.44 and a twelve month high of $37.72. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.07 and a beta of 0.55.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last released its earnings results on Monday, February 9th. The bank reported $0.62 earnings per share for the quarter. Banco Santander Chile had a return on equity of 21.51% and a net margin of 24.57%.The business had revenue of $740.07 million for the quarter. Analysts predict that Banco Santander Chile will post 2.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BSAC has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded Banco Santander Chile from a "neutral" rating to an "overweight" rating and set a $40.00 price target for the company in a research report on Monday, March 30th. Itau BBA Securities upgraded Banco Santander Chile from a "market perform" rating to an "outperform" rating in a research report on Thursday, March 19th. Bank of America upgraded Banco Santander Chile from an "underperform" rating to a "neutral" rating and set a $35.00 price target for the company in a research report on Wednesday, April 1st. Morgan Stanley set a $38.00 target price on Banco Santander Chile in a research note on Wednesday, March 11th. Finally, Wall Street Zen upgraded Banco Santander Chile from a "sell" rating to a "hold" rating in a research note on Saturday, February 21st. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Banco Santander Chile has a consensus rating of "Hold" and an average price target of $35.50.

Banco Santander Chile Profile

Banco Santander Chile NYSE: BSAC is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.

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