Quadrature Capital Ltd Makes New Investment in Banco Santander-Chile (NYSE:BSAC)

Quadrature Capital Ltd bought a new position in Banco Santander-Chile (NYSE:BSAC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 22,539 shares of the bank’s stock, valued at approximately $440,000.

Several other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Banco Santander-Chile by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,569 shares of the bank’s stock worth $167,000 after buying an additional 815 shares during the period. KBC Group NV lifted its holdings in shares of Banco Santander-Chile by 88.9% in the 4th quarter. KBC Group NV now owns 12,788 shares of the bank’s stock worth $249,000 after buying an additional 6,017 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of Banco Santander-Chile during the 4th quarter worth $585,000. Parallel Advisors LLC lifted its stake in shares of Banco Santander-Chile by 115.5% during the 4th quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock worth $33,000 after purchasing an additional 902 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Banco Santander-Chile by 6.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 12,957 shares of the bank’s stock worth $253,000 after purchasing an additional 826 shares during the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BSAC shares. Itau BBA Securities upgraded Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Wednesday, June 12th. StockNews.com cut Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.48.

Banco Santander-Chile Trading Down 2.7 %

Shares of NYSE:BSAC opened at $18.47 on Monday. The business’s 50-day moving average is $18.86 and its 200 day moving average is $19.15. Banco Santander-Chile has a 1 year low of $16.89 and a 1 year high of $21.81. The firm has a market capitalization of $8.70 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.38 and a beta of 0.87. The company has a debt-to-equity ratio of 4.21, a current ratio of 1.86 and a quick ratio of 1.86.

Banco Santander-Chile (NYSE:BSAC) last announced its earnings results on Tuesday, April 30th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). Banco Santander-Chile had a net margin of 9.58% and a return on equity of 10.06%. The business had revenue of $524.08 million for the quarter, compared to analyst estimates of $544.26 million. On average, research analysts predict that Banco Santander-Chile will post 1.85 earnings per share for the current fiscal year.

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.