Banco BTG Pactual S.A. Takes Position in Banco Santander Chile $BSAC

Key Points

• Banco BTG Pactual S.A. has acquired a new stake in Banco Santander Chile, purchasing 17,000 shares valued at approximately $388,000 in the first quarter.
• Banco Santander Chile reported an EPS of $0.60 for the last quarter, missing analysts' consensus estimates of $0.62, while its revenue for the quarter was $757.38 million, slightly below the expected $758.17 million.
• Equity research analysts have lowered their ratings on Banco Santander Chile, with consensus rating shifting to "Reduce" and an average price target set at $24.00.

Banco BTG Pactual S.A. purchased a new stake in shares of Banco Santander Chile (NYSE:BSAC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,000 shares of the bank's stock, valued at approximately $388,000.

A number of other hedge funds have also bought and sold shares of BSAC. Brooklyn Investment Group raised its stake in Banco Santander Chile by 54,450.0% during the first quarter. Brooklyn Investment Group now owns 1,091 shares of the bank's stock worth $25,000 after buying an additional 1,089 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in 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 worth $34,000 after purchasing an additional 1,552 shares during the period. GAMMA Investing LLC grew its holdings in Banco Santander Chile by 3,456.9% in the first quarter. GAMMA Investing LLC now owns 8,003 shares of the bank's stock worth $182,000 after purchasing an additional 7,778 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Banco Santander Chile in the first quarter worth $206,000. Finally, Natixis Advisors LLC acquired a new stake in Banco Santander Chile in the first quarter worth $238,000. Institutional investors own 6.42% of the company's stock.

Banco Santander Chile Price Performance

BSAC stock opened at $23.5070 on Wednesday. Banco Santander Chile has a one year low of $18.19 and a one year high of $25.53. The stock has a market cap of $11.07 billion, a PE ratio of 9.79, a P/E/G ratio of 0.92 and a beta of 0.67. The firm has a 50 day simple moving average of $24.09 and a two-hundred day simple moving average of $23.54. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.76 and a quick ratio of 1.76.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.60 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 for the quarter, compared to the consensus estimate of $758.17 million. On average, analysts predict that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BSAC shares. UBS Group raised their price target on shares of Banco Santander Chile from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Monday, June 2nd. Bank of America cut shares of Banco Santander Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price objective for the company. in a report on Thursday, May 1st. Finally, Wall Street Zen cut shares of Banco Santander Chile from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target 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.

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