Banco Santander-Chile (NYSE:BSAC) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in shares of Banco Santander-Chile (NYSE:BSAC) by 0.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 328,744 shares of the bank’s stock after purchasing an additional 1,553 shares during the period. Sei Investments Co. owned approximately 0.07% of Banco Santander-Chile worth $6,190,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in Banco Santander-Chile by 115.5% in the fourth quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock valued at $33,000 after purchasing an additional 902 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Banco Santander-Chile by 10.5% during the fourth 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 in the last quarter. Ballentine Partners LLC bought a new stake in shares of Banco Santander-Chile in the second quarter worth $195,000. KBC Group NV raised its holdings in Banco Santander-Chile by 88.9% in the fourth quarter. KBC Group NV now owns 12,788 shares of the bank’s stock valued at $249,000 after acquiring an additional 6,017 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Banco Santander-Chile by 32.3% during the 2nd quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock valued at $258,000 after acquiring an additional 3,179 shares during the last quarter. 6.42% of the stock is owned by institutional investors and hedge funds.

Banco Santander-Chile Stock Performance

Shares of BSAC stock opened at $20.76 on Tuesday. The company has a market cap of $9.78 billion, a P/E ratio of 17.82, a PEG ratio of 0.44 and a beta of 0.86. The business has a 50 day moving average of $20.17 and a two-hundred day moving average of $19.57. Banco Santander-Chile has a 52 week low of $16.89 and a 52 week high of $21.43. The company has a quick ratio of 1.86, a current ratio of 1.83 and a debt-to-equity ratio of 3.60.

Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings data on Wednesday, July 31st. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Banco Santander-Chile had a net margin of 11.84% and a return on equity of 11.87%. The company had revenue of $599.94 million for the quarter, compared to analyst estimates of $693.44 million. As a group, analysts anticipate that Banco Santander-Chile will post 1.82 EPS for the current year.

Wall Street Analyst Weigh In

BSAC has been the subject of several research analyst reports. StockNews.com raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Itau BBA Securities raised Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Wednesday, June 12th. Berenberg Bank raised Banco Santander-Chile to a “hold” rating in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group upgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $21.00 in a report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.48.

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.