Banco Santander Chile (NYSE:BSAC) Shares Acquired by Advisors Preferred LLC

Advisors Preferred LLC lifted its position in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 2,389.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,056 shares of the bank's stock after buying an additional 27,889 shares during the quarter. Advisors Preferred LLC's holdings in Banco Santander Chile were worth $681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cardinal Capital Management lifted its position in Banco Santander Chile by 0.5% during the first quarter. Cardinal Capital Management now owns 99,099 shares of the bank's stock valued at $2,259,000 after buying an additional 472 shares in the last quarter. Atlas Capital Advisors Inc. lifted its position in Banco Santander Chile by 12.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank's stock valued at $149,000 after buying an additional 863 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Banco Santander Chile by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 492,868 shares of the bank's stock valued at $9,295,000 after buying an additional 1,307 shares in the last quarter. Tower Research Capital LLC TRC lifted its position 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 buying an additional 1,552 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Banco Santander Chile by 13.2% during the first quarter. Blue Trust Inc. now owns 16,540 shares of the bank's stock valued at $377,000 after buying an additional 1,931 shares in the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BSAC has been the topic of a number of recent research reports. Bank of America cut shares of Banco Santander Chile from a "neutral" rating to an "underperform" rating and set a $24.00 target price on the stock. in a research report on Thursday, May 1st. UBS Group boosted their target price on shares of Banco Santander Chile from $20.00 to $24.00 and gave the stock a "neutral" rating in a research report on Monday, June 2nd. Finally, Wall Street Zen raised shares of Banco Santander Chile from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $23.00.

Banco Santander Chile Stock Down 1.1%

Shares of NYSE:BSAC traded down $0.26 during midday trading on Friday, reaching $23.43. The company had a trading volume of 231,345 shares, compared to its average volume of 358,222. 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's fifty day moving average price is $24.48 and its 200-day moving average price is $23.04. The stock has a market capitalization of $11.04 billion, a P/E ratio of 10.23, a PEG ratio of 0.68 and a beta of 0.68. Banco Santander Chile has a one year low of $18.19 and a one year high of $25.53.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last released its earnings results on Wednesday, April 30th. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. Banco Santander Chile had a net margin of 23.00% and a return on equity of 21.48%. The firm had revenue of $767.62 million during the quarter, compared to analyst estimates of $717.38 billion. Equities research analysts expect that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Banco Santander Chile 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.