Legal & General Group Plc purchased a new stake in shares of Banco Santander-Chile (NASDAQ:BSAC) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 52,201 shares of the bank’s stock, valued at approximately $1,310,000.
Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its position in Banco Santander-Chile by 24.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,879 shares of the bank’s stock worth $122,000 after buying an additional 967 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in Banco Santander-Chile during the first quarter worth $224,000. BNP Paribas Arbitrage SA purchased a new position in Banco Santander-Chile during the first quarter worth $235,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Banco Santander-Chile by 27.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,930 shares of the bank’s stock worth $299,000 after buying an additional 2,580 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in Banco Santander-Chile by 1.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,397 shares of the bank’s stock worth $311,000 after buying an additional 200 shares during the last quarter.
Banco Santander-Chile (NASDAQ:BSAC) opened at 29.13 on Friday. The company has a market cap of $13.72 billion and a PE ratio of 18.21. The stock’s 50 day moving average is $25.96 and its 200 day moving average is $24.14. Banco Santander-Chile has a 12 month low of $20.22 and a 12 month high of $29.38.
Banco Santander-Chile (NASDAQ:BSAC) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. Banco Santander-Chile had a net margin of 29.03% and a return on equity of 19.57%. The company had revenue of $704.02 million for the quarter, compared to the consensus estimate of $458.92 million. During the same quarter in the previous year, the firm posted $0.40 EPS. Equities analysts predict that Banco Santander-Chile will post $1.77 earnings per share for the current year.
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BSAC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, June 6th. BidaskClub raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) upped their price objective on shares of Banco Santander-Chile from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, May 2nd. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $26.00 price objective (up from $25.00) on shares of Banco Santander-Chile in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company’s stock. Banco Santander-Chile currently has an average rating of “Hold” and a consensus target price of $25.25.
About Banco Santander-Chile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.
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