Advisors Preferred LLC Has $681,000 Holdings in Banco Santander Chile (NYSE:BSAC)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in Banco Santander Chile by 601.6% in the 4th 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. Atlas Capital Advisors Inc. raised its stake in Banco Santander Chile by 12.3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank's stock valued at $149,000 after acquiring an additional 863 shares during the period. GAMMA Investing LLC raised its stake in Banco Santander Chile by 3,456.9% in the 1st quarter. GAMMA Investing LLC now owns 8,003 shares of the bank's stock valued at $182,000 after acquiring an additional 7,778 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Banco Santander Chile in the 1st quarter valued at $206,000. Finally, Corient Private Wealth LLC bought a new stake in Banco Santander Chile in the 4th quarter valued at $232,000. Institutional investors own 6.42% of the company's stock.

Analysts Set New Price Targets

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

Banco Santander Chile Price Performance

Shares of BSAC traded down $0.21 during trading hours on Thursday, hitting $23.70. 230,362 shares of the company were exchanged, compared to its average volume of 360,133. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 0.69 and a beta of 0.68. Banco Santander Chile has a fifty-two week low of $18.19 and a fifty-two week high of $25.53. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 2.61. The firm's fifty day moving average is $24.54 and its 200 day moving average is $22.95.

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 (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.06. The company had revenue of $767.62 million for the quarter, compared to analyst estimates of $717.38 billion. Banco Santander Chile had a return on equity of 21.48% and a net margin of 23.00%. On average, equities analysts anticipate that Banco Santander Chile will post 2.07 earnings per share 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.