Banco BTG Pactual S.A. Purchases New Stake 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 first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,000 shares of the bank's stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BSAC. Brooklyn Investment Group increased its stake in Banco Santander Chile by 54,450.0% during the 1st quarter. Brooklyn Investment Group now owns 1,091 shares of the bank's stock valued at $25,000 after purchasing an additional 1,089 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Banco Santander Chile by 601.6% during the 4th 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 in the last quarter. GAMMA Investing LLC increased its stake in Banco Santander Chile by 3,456.9% during the 1st quarter. GAMMA Investing LLC now owns 8,003 shares of the bank's stock valued at $182,000 after purchasing an additional 7,778 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Banco Santander Chile during the 1st quarter valued at $206,000. Finally, Natixis Advisors LLC bought a new stake in Banco Santander Chile during the 1st quarter valued at $238,000. Institutional investors own 6.42% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America lowered shares of Banco Santander Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price target for the company. in a research note on Thursday, May 1st. 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. Finally, UBS Group boosted 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. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $24.00.

Banco Santander Chile Stock Down 0.3%

Shares of NYSE BSAC traded down $0.0830 during trading on Monday, hitting $24.1070. The stock had a trading volume of 55,151 shares, compared to its average volume of 356,954. Banco Santander Chile has a 12 month low of $18.19 and a 12 month high of $25.53. 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 capitalization of $11.36 billion, a PE ratio of 10.05, a PEG ratio of 0.91 and a beta of 0.67. The firm has a fifty day moving average of $24.01 and a two-hundred day moving average of $23.61.

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 the consensus estimate of $0.62 by ($0.02). Banco Santander Chile had a return on equity of 22.21% and a net margin of 24.32%.The firm had revenue of $757.38 million during the quarter, compared to the consensus estimate of $758.17 million. As a group, equities research analysts forecast that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

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.