Vident Advisory LLC Acquires 26,048 Shares of Banco Santander Chile $BSAC

Key Points

• Vident Advisory LLC raised its stake in Banco Santander Chile by 182.4%, now holding 40,330 shares valued at approximately $920,000.
• Banco Santander Chile reported a missed EPS estimate of $0.60, falling short of the consensus estimate of $0.62 for the quarter ending July 31st.
• Analyst ratings for Banco Santander Chile vary, with UBS Group setting a target price of $24.00 and a "neutral" rating, while Wall Street Zen downgraded the stock to a "hold" rating.

Vident Advisory LLC boosted its holdings in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 182.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,330 shares of the bank's stock after purchasing an additional 26,048 shares during the period. Vident Advisory LLC's holdings in Banco Santander Chile were worth $920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BSAC. Candriam S.C.A. bought a new stake in shares of Banco Santander Chile during the 1st quarter valued at approximately $25,116,000. RWC Asset Management LLP boosted its position in Banco Santander Chile by 45.3% in the first quarter. RWC Asset Management LLP now owns 826,754 shares of the bank's stock valued at $18,850,000 after buying an additional 257,895 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Banco Santander Chile by 247.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 274,114 shares of the bank's stock worth $5,170,000 after buying an additional 195,189 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Banco Santander Chile by 123.1% during the fourth quarter. Northern Trust Corp now owns 147,392 shares of the bank's stock worth $2,780,000 after buying an additional 81,322 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Banco Santander Chile by 20.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 311,277 shares of the bank's stock valued at $7,097,000 after acquiring an additional 52,900 shares during the last quarter. Institutional investors own 6.42% of the company's stock.

Analyst Ratings Changes

BSAC has been the subject of a number of recent research reports. UBS Group upped their target price on Banco Santander Chile from $20.00 to $24.00 and gave the stock a "neutral" rating in a report 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 investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Banco Santander Chile has an average rating of "Reduce" and an average target price of $24.00.

Banco Santander Chile Trading Up 0.8%

Banco Santander Chile stock traded up $0.21 during mid-day trading on Wednesday, hitting $25.84. 189,349 shares of the stock were exchanged, compared to its average volume of 292,761. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 0.96 and a beta of 0.75. Banco Santander Chile has a 12 month low of $18.19 and a 12 month high of $26.07. 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 simple moving average is $24.04 and its two-hundred day simple moving average is $23.81.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last announced its earnings results on Thursday, July 31st. The bank reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.02). The firm had revenue of $757.38 million for the quarter, compared to the consensus estimate of $758.17 million. Banco Santander Chile had a return on equity of 22.21% and a net margin of 24.32%. Analysts forecast that Banco Santander Chile will post 2.07 EPS for the current year.

Banco Santander Chile 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.