Edmond DE Rothschild Holding S.A. Buys 10,000 Shares of Banco Santander-Chile (NYSE:BSAC)

Edmond DE Rothschild Holding S.A. increased its stake in Banco Santander-Chile (NYSE:BSAC) by 43.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,968 shares of the bank’s stock after purchasing an additional 10,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Banco Santander-Chile were worth $622,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BSAC. Mirae Asset Global Investments Co. Ltd. increased its position in Banco Santander-Chile by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock worth $58,000 after buying an additional 903 shares during the last quarter. R Squared Ltd bought a new position in shares of Banco Santander-Chile during the 4th quarter worth $61,000. Corient Private Wealth LLC purchased a new stake in Banco Santander-Chile in the 4th quarter worth about $232,000. Sava Infond d.o.o. bought a new stake in Banco Santander-Chile in the 4th quarter valued at about $245,000. Finally, FNY Investment Advisers LLC purchased a new stake in Banco Santander-Chile during the fourth quarter valued at about $364,000. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America downgraded shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.33.

Banco Santander-Chile Stock Performance

NYSE:BSAC opened at $23.44 on Wednesday. Banco Santander-Chile has a 52-week low of $17.73 and a 52-week high of $24.06. The business’s fifty day moving average is $22.02 and its 200 day moving average is $20.41. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.96 and a beta of 0.83.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings results on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a return on equity of 19.15% and a net margin of 19.16%. Research analysts predict that Banco Santander-Chile will post 2.07 EPS for the current year.

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.