Blue Trust Inc. Has $382,000 Stake in Banco Santander-Chile (NYSE:BSAC)

Blue Trust Inc. grew its position in Banco Santander-Chile (NYSE:BSAC) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,415 shares of the bank’s stock after purchasing an additional 1,831 shares during the quarter. Blue Trust Inc.’s holdings in Banco Santander-Chile were worth $382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. abrdn plc boosted its stake in shares of Banco Santander-Chile by 76.4% in the third quarter. abrdn plc now owns 861,295 shares of the bank’s stock valued at $18,036,000 after buying an additional 372,936 shares during the period. Itau Unibanco Holding S.A. boosted its stake in shares of Banco Santander-Chile by 79.6% in the third quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank’s stock valued at $6,164,000 after buying an additional 131,637 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Banco Santander-Chile in the third quarter valued at approximately $1,724,000. JPMorgan Chase & Co. lifted its stake in Banco Santander-Chile by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank’s stock worth $81,533,000 after purchasing an additional 75,888 shares during the last quarter. Finally, State Street Corp lifted its stake in Banco Santander-Chile by 25.3% during the third quarter. State Street Corp now owns 293,049 shares of the bank’s stock worth $6,084,000 after purchasing an additional 59,215 shares during the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut Banco Santander-Chile from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.33.

Banco Santander-Chile Stock Up 0.0 %

NYSE BSAC opened at $20.40 on Friday. Banco Santander-Chile has a fifty-two week low of $17.73 and a fifty-two week high of $21.43. The stock has a market capitalization of $9.61 billion, a PE ratio of 11.59, a PEG ratio of 0.35 and a beta of 0.86. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. The business has a fifty day moving average price of $19.14 and a two-hundred day moving average price of $19.73.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings results on Friday, January 31st. The bank reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 16.24% and a return on equity of 15.90%. Equities analysts expect that Banco Santander-Chile will post 1.9 earnings per share for the current fiscal 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.