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Natixis Advisors LLC Makes New Investment in Banco Santander Chile (NYSE:BSAC)

Banco Santander Chile logo with Finance background

Key Points

  • Natixis Advisors LLC has acquired a new stake in Banco Santander Chile (NYSE:BSAC), purchasing 10,420 shares valued at approximately $238,000 during the first quarter.
  • Banco Santander Chile reported earnings of $0.60 per share for the last quarter, missing analysts' consensus estimates by $0.02, with a revenue of $757.38 million.
  • Equities research analysts have recently downgraded Banco Santander Chile, with Wall Street Zen changing its rating from "buy" to "hold" and Bank of America cutting its rating to "underperform."
  • Want stock alerts on Banco Santander Chile? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Natixis Advisors LLC purchased a new stake in Banco Santander Chile (NYSE:BSAC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,420 shares of the bank's stock, valued at approximately $238,000.

Several other hedge funds have also recently bought and sold shares of BSAC. RWC Asset Management LLP boosted its position in Banco Santander Chile by 45.3% during the 1st quarter. RWC Asset Management LLP now owns 826,754 shares of the bank's stock worth $18,850,000 after buying an additional 257,895 shares during the period. Advisors Preferred LLC boosted its holdings in Banco Santander Chile by 2,389.8% during the first quarter. Advisors Preferred LLC now owns 29,056 shares of the bank's stock worth $681,000 after purchasing an additional 27,889 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Banco Santander Chile by 41.0% in the 1st quarter. Ballentine Partners LLC now owns 14,894 shares of the bank's stock worth $340,000 after buying an additional 4,330 shares during the last quarter. Genus Capital Management Inc. grew its holdings in Banco Santander Chile by 200.0% during the first quarter. Genus Capital Management Inc. now owns 11,200 shares of the bank's stock valued at $255,000 after purchasing an additional 22,400 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in Banco Santander Chile during the first quarter worth about $206,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on BSAC shares. Wall Street Zen lowered shares of Banco Santander Chile from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Bank of America cut Banco Santander Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price target on the stock. in a report on Thursday, May 1st. Finally, UBS Group raised their target price 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.

Check Out Our Latest Report on BSAC

Banco Santander Chile Stock Up 0.8%

Shares of NYSE BSAC traded up $0.20 on Friday, reaching $24.24. 296,540 shares of the company's stock traded hands, compared to its average volume of 361,556. The business's 50 day simple moving average is $24.13 and its two-hundred day simple moving average is $23.44. 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 company has a market cap of $11.42 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.92 and a beta of 0.67. Banco Santander Chile has a 12 month low of $18.19 and a 12 month high of $25.53.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.02). The firm had revenue of $757.38 million during the quarter, compared to analysts' expectations of $758.17 million. Banco Santander Chile had a return on equity of 22.21% and a net margin of 24.32%. 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

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Banco Santander Chile (NYSE:BSAC)

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