Banco Santander Chile $BSAC Position Trimmed by Aberdeen Group plc

Key Points

• Aberdeen Group plc reduced its stake in Banco Santander Chile by 2.5%, holding 665,835 shares valued at $15.14 million at the end of the most recent quarter.
• Other investors have significantly increased their stakes in Banco Santander Chile, with Tower Research Capital LLC TRC raising its position by 601.6% in the last quarter.
• Banco Santander Chile reported $0.60 earnings per share for the last quarter, falling short of the consensus estimate of $0.62, while a return on equity of 22.21% was noted.

Aberdeen Group plc decreased its holdings in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 665,835 shares of the bank's stock after selling 16,986 shares during the quarter. Aberdeen Group plc owned approximately 0.14% of Banco Santander Chile worth $15,141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cardinal Capital Management increased its stake in shares of Banco Santander Chile by 0.5% in the first quarter. Cardinal Capital Management now owns 99,099 shares of the bank's stock valued at $2,259,000 after purchasing an additional 472 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Banco Santander Chile by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 492,868 shares of the bank's stock valued at $9,295,000 after purchasing an additional 1,307 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Banco Santander Chile by 601.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the bank's stock valued at $34,000 after purchasing an additional 1,552 shares during the period. Blue Trust Inc. increased its stake in shares of Banco Santander Chile by 13.2% in the first quarter. Blue Trust Inc. now owns 16,540 shares of the bank's stock valued at $377,000 after purchasing an additional 1,931 shares during the period. Finally, Vident Advisory LLC increased its stake in shares of Banco Santander Chile by 18.1% in the fourth quarter. Vident Advisory LLC now owns 14,282 shares of the bank's stock valued at $269,000 after purchasing an additional 2,192 shares during the period. Institutional investors and hedge funds own 6.42% of the company's stock.

Banco Santander Chile Price Performance

Shares of Banco Santander Chile stock traded up $0.3970 on Friday, hitting $24.1570. The company had a trading volume of 227,728 shares, compared to its average volume of 260,885. The business has a 50-day simple moving average of $24.01 and a 200-day simple moving average of $23.61. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market cap of $11.38 billion, a PE ratio of 10.07, a PEG ratio of 0.91 and a beta of 0.67. Banco Santander Chile has a 52 week low of $18.19 and a 52 week high of $25.53.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $757.38 million during the quarter, compared to the consensus estimate of $758.17 million. Banco Santander Chile had a net margin of 24.32% and a return on equity of 22.21%. Research analysts expect that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

Analyst Ratings Changes

BSAC has been the topic of several analyst reports. Bank of America lowered shares of Banco Santander Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price target on the stock. in a research note on Thursday, May 1st. UBS Group raised their price target on shares of Banco Santander Chile from $20.00 to $24.00 and gave the company a "neutral" rating in a research note on Monday, June 2nd. Finally, Wall Street Zen lowered shares of Banco Santander Chile from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $24.00.

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.