Nykredit A S Takes $1.41 Million Position in Banco Santander Chile $BSAC

Key Points

• Nykredit A/S acquired a new 42,950-share stake in Banco Santander Chile during the second quarter, valued at approximately $1.41 million. Institutional investors and hedge funds collectively own 6.42% of the company.
• Analyst sentiment is mixed: Citigroup upgraded the stock to “buy,” while Goldman Sachs maintained a “sell” rating despite raising its price target to $33. The overall consensus rating is “hold,” with an average price target of $35.40.
• BSAC recently traded at $35.02, near its 52-week high of $37.72. The bank reported quarterly EPS of $0.87, a 22.94% return on equity, and a 27.04% net margin; analysts expect full-year EPS of $2.99.

Nykredit A S acquired a new stake in shares of Banco Santander Chile (NYSE:BSAC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,950 shares of the bank's stock, valued at approximately $1,414,000.

A number of other hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its holdings in Banco Santander Chile by 8.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,645 shares of the bank's stock valued at $255,000 after acquiring an additional 618 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Banco Santander Chile by 63.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,688 shares of the bank's stock worth $56,000 after purchasing an additional 653 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Banco Santander Chile by 6.9% during the first quarter. PNC Financial Services Group Inc. now owns 11,629 shares of the bank's stock worth $388,000 after purchasing an additional 755 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Banco Santander Chile by 73.6% in the first quarter. Parallel Advisors LLC now owns 4,895 shares of the bank's stock valued at $163,000 after purchasing an additional 2,076 shares during the period. Finally, KBC Group NV grew its position in shares of Banco Santander Chile by 17.1% in the first quarter. KBC Group NV now owns 14,975 shares of the bank's stock valued at $500,000 after purchasing an additional 2,187 shares during the period. Institutional investors and hedge funds own 6.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BSAC shares. The Goldman Sachs Group increased their target price on Banco Santander Chile from $29.00 to $33.00 and gave the stock a "sell" rating in a research report on Thursday, July 16th. Citigroup upgraded Banco Santander Chile from a "hold" rating to a "buy" rating in a report on Thursday, June 25th. Zacks Research downgraded shares of Banco Santander Chile from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 27th. Wall Street Zen upgraded shares of Banco Santander Chile from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of Banco Santander Chile from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $35.40.

Banco Santander Chile Trading Up 1.5%

BSAC stock opened at $35.02 on Wednesday. The company has a market cap of $16.50 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.83 and a beta of 0.51. The company has a quick ratio of 0.48, a current ratio of 1.72 and a debt-to-equity ratio of 2.06. The business has a fifty day simple moving average of $34.72 and a 200-day simple moving average of $33.18. Banco Santander Chile has a 52 week low of $25.87 and a 52 week high of $37.72.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last issued its earnings results on Tuesday, June 30th. The bank reported $0.87 earnings per share for the quarter. Banco Santander Chile had a return on equity of 22.94% and a net margin of 27.04%.The business had revenue of $905.26 million for the quarter. On average, equities research analysts expect that Banco Santander Chile will post 2.99 EPS for the current year.

Banco Santander Chile Company Profile

Banco Santander Chile is a Chilean banking institution and a subsidiary of Banco Santander, SA The bank provides financial services to individuals, small and midsize businesses, companies, and institutional clients throughout Chile.

Its offerings include checking and savings accounts, consumer and commercial loans, residential mortgages, credit and debit cards, payment services, foreign-exchange services, insurance-related products, and investment and wealth-management solutions. Banco Santander Chile also provides corporate and investment-banking services, including financing, cash management, and other services for larger companies and institutional customers.

The bank traces its modern history to Santander's expansion in Chile and the consolidation of Banco Santander Chile and Banco Santiago in the early 2000s.

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