Sava Infond d.o.o. Acquires Shares of 13,000 Banco Santander-Chile (NYSE:BSAC)

Sava Infond d.o.o. bought a new position in Banco Santander-Chile (NYSE:BSAC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,000 shares of the bank’s stock, valued at approximately $245,000.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Banco Santander-Chile by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 3,988,659 shares of the bank’s stock worth $75,226,000 after purchasing an additional 61,242 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Banco Santander-Chile by 6.3% during the fourth quarter. American Century Companies Inc. now owns 188,808 shares of the bank’s stock worth $3,561,000 after purchasing an additional 11,122 shares during the period. Corient Private Wealth LLC bought a new position in shares of Banco Santander-Chile in the 4th quarter worth about $232,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Banco Santander-Chile by 10.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 258,377 shares of the bank’s stock valued at $4,873,000 after buying an additional 24,923 shares during the period. Finally, SPX Gestao de Recursos Ltda grew its position in shares of Banco Santander-Chile by 171.7% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 96,355 shares of the bank’s stock valued at $1,817,000 after buying an additional 60,889 shares during the last quarter. 6.42% of the stock is currently owned by institutional investors.

Banco Santander-Chile Stock Performance

Shares of BSAC opened at $23.47 on Friday. The firm has a fifty day moving average of $21.79 and a 200-day moving average of $20.34. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $23.80.

Banco Santander-Chile (NYSE:BSAC) last posted its 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 net margin of 19.16% and a return on equity of 19.15%. As a group, equities analysts anticipate that Banco Santander-Chile will post 2.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut shares of 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 report 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.33.

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.