Strs Ohio Makes New $2.99 Million Investment in Banco Santander Chile $BSAC

Key Points

• Strs Ohio has invested approximately $2.99 million in Banco Santander Chile by acquiring 131,130 shares during the first quarter.
• Banco Santander Chile's recent quarterly earnings fell short of analysts' expectations, reporting earnings per share of $0.60 versus a consensus estimate of $0.62.
• Current analyst ratings for Banco Santander Chile include a downgrade to "sell" by Wall Street Zen, while UBS Group set a new target price of $24.00 with a "neutral" rating.

Strs Ohio bought a new position in shares of Banco Santander Chile (NYSE:BSAC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 131,130 shares of the bank's stock, valued at approximately $2,990,000.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group grew its position in Banco Santander Chile by 54,450.0% during the 1st quarter. Brooklyn Investment Group now owns 1,091 shares of the bank's stock worth $25,000 after purchasing an additional 1,089 shares during the last quarter. GAMMA Investing LLC grew its position in Banco Santander Chile by 3,456.9% during the 1st quarter. GAMMA Investing LLC now owns 8,003 shares of the bank's stock worth $182,000 after purchasing an additional 7,778 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Banco Santander Chile during the 1st quarter worth approximately $206,000. Natixis Advisors LLC purchased a new stake in Banco Santander Chile during the 1st quarter worth approximately $238,000. Finally, Acadian Asset Management LLC purchased a new stake in Banco Santander Chile during the 1st quarter worth approximately $240,000. Hedge funds and other institutional investors own 6.42% of the company's stock.

Banco Santander Chile Trading Up 0.3%

Shares of BSAC traded up $0.08 during mid-day trading on Friday, reaching $25.59. The stock had a trading volume of 210,799 shares, compared to its average volume of 297,418. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.76 and a quick ratio of 1.76. Banco Santander Chile has a 52-week low of $18.19 and a 52-week high of $26.60. The business's fifty day moving average is $24.22 and its 200 day moving average is $24.00. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 0.95 and a beta of 0.75.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last announced its quarterly earnings data 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 net margin of 24.32% and a return on equity of 22.21%. On average, sell-side analysts predict that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on BSAC shares. 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 report on Monday, June 2nd. Wall Street Zen downgraded shares of Banco Santander Chile from a "hold" rating to a "sell" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Banco Santander Chile currently has an average rating of "Reduce" and a consensus target price of $24.00.

Banco Santander Chile Company 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.