Vident Advisory LLC Has $920,000 Holdings in 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 stake in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 182.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,330 shares of the bank's stock after buying 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 reporting period.

A number of other large investors also recently made changes to their positions in the business. Candriam S.C.A. acquired a new position in shares of Banco Santander Chile in the 1st quarter valued at about $25,116,000. RWC Asset Management LLP increased its holdings in shares of Banco Santander Chile by 45.3% in the 1st quarter. RWC Asset Management LLP now owns 826,754 shares of the bank's stock valued at $18,850,000 after purchasing an additional 257,895 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Banco Santander Chile by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 492,868 shares of the bank's stock valued at $9,295,000 after purchasing an additional 1,307 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 purchasing an additional 52,900 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Banco Santander Chile by 8.2% in the 4th quarter. Bank of America Corp DE now owns 290,572 shares of the bank's stock valued at $5,480,000 after purchasing an additional 21,983 shares during the period. Institutional investors and hedge funds own 6.42% of the company's stock.

Banco Santander Chile Stock Performance

BSAC stock opened at $25.06 on Friday. 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 capitalization of $11.80 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 0.93 and a beta of 0.75. Banco Santander Chile has a 12 month low of $18.19 and a 12 month high of $25.53. The firm has a 50 day moving average of $23.99 and a two-hundred day moving average of $23.71.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last posted its earnings results on Thursday, July 31st. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $757.38 million during 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%. As a group, equities analysts anticipate that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BSAC has been the topic of a number of research reports. UBS Group upped their target price on 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 Banco Santander Chile from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $24.00.

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.

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