Edmond DE Rothschild Holding S.A. Acquires 10,420 Shares of Banco Santander Chile $BSAC

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Banco Santander Chile by 31.6%, now holding 43,388 shares valued at approximately $989,000.
• UBS Group raised its price target for Banco Santander Chile from $20.00 to $24.00 with a "neutral" rating, while another analyst downgraded the stock from "hold" to "sell."
• Banco Santander Chile reported a $0.60 EPS for the quarter, missing the consensus estimate of $0.62, with revenues of $757.38 million.

Edmond DE Rothschild Holding S.A. lifted its position in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 31.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,388 shares of the bank's stock after purchasing an additional 10,420 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Banco Santander Chile were worth $989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Brooklyn Investment Group boosted its stake in shares of Banco Santander Chile by 54,450.0% in the first quarter. Brooklyn Investment Group now owns 1,091 shares of the bank's stock valued at $25,000 after buying an additional 1,089 shares during the period. Tower Research Capital LLC TRC lifted its holdings 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 worth $34,000 after buying an additional 1,552 shares during the period. GAMMA Investing LLC grew its position in shares of 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 buying an additional 7,778 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Banco Santander Chile during the first quarter worth about $206,000. Finally, Natixis Advisors LLC acquired a new position in shares of Banco Santander Chile in the first quarter worth approximately $238,000. 6.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BSAC has been the topic of a number of analyst reports. UBS Group upped their price objective 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. Wall Street Zen downgraded Banco Santander Chile from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Banco Santander Chile presently has an average rating of "Reduce" and an average target price of $24.00.

Banco Santander Chile Price Performance

Shares of BSAC stock traded up $0.66 during trading on Thursday, hitting $26.50. The company had a trading volume of 79,494 shares, compared to its average volume of 354,866. Banco Santander Chile has a 52 week low of $18.19 and a 52 week high of $26.56. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 0.96 and a beta of 0.75. 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 stock's 50-day moving average is $24.04 and its two-hundred day moving average is $23.81.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $757.38 million for the quarter, compared to analysts' expectations of $758.17 million. As a group, analysts predict 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.