American Century Companies Inc. Purchases 17,661 Shares of Banco Santander Chile $BSAC

Key Points

• American Century Companies Inc. increased its stake in Banco Santander Chile by 9.4%, acquiring 17,661 additional shares during the first quarter, bringing its total holdings to 206,469 shares valued at $4.7 million.
• Banco Santander Chile reported earnings per share (EPS) of $0.60 for the last quarter, missing expectations by $0.02, and had a net margin of 24.32% and return on equity of 22.21%.
• Several analysts have issued ratings changes, with UBS Group raising the price target to $24.00 and Wall Street Zen downgrading the stock from "buy" to "hold."

American Century Companies Inc. raised its position in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,469 shares of the bank's stock after acquiring an additional 17,661 shares during the period. American Century Companies Inc.'s holdings in Banco Santander Chile were worth $4,707,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in Banco Santander Chile by 601.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the bank's stock valued at $34,000 after acquiring an additional 1,552 shares during the period. GAMMA Investing LLC grew its position in Banco Santander Chile by 3,456.9% during the first quarter. GAMMA Investing LLC now owns 8,003 shares of the bank's stock worth $182,000 after buying an additional 7,778 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Banco Santander Chile during the first quarter worth about $206,000. Natixis Advisors LLC acquired a new stake in Banco Santander Chile during the first quarter worth about $238,000. Finally, Genus Capital Management Inc. grew its position in Banco Santander Chile by 200.0% during the first quarter. Genus Capital Management Inc. now owns 11,200 shares of the bank's stock worth $255,000 after buying an additional 22,400 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors.

Banco Santander Chile Price Performance

Shares of NYSE:BSAC traded up $0.40 during trading on Thursday, reaching $25.06. The stock had a trading volume of 322,966 shares, compared to its average volume of 273,731. Banco Santander Chile has a 52 week low of $18.19 and a 52 week high of $25.53. The business's 50-day moving average price is $23.99 and its 200 day moving average price is $23.71. 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 stock has a market capitalization of $11.80 billion, a PE ratio of 10.44, a P/E/G ratio of 0.93 and a beta of 0.75.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BSAC shares. UBS Group lifted their target price on Banco Santander Chile from $20.00 to $24.00 and gave the stock a "neutral" rating in a research report on Monday, June 2nd. Wall Street Zen downgraded Banco Santander Chile from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $24.00.

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.