Banco Santander-Chile (BSAC) Position Held by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D continued to hold its stake in Banco Santander-Chile (NASDAQ:BSAC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,669 shares of the bank’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Banco Santander-Chile were worth $3,930,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Huntington National Bank boosted its position in shares of Banco Santander-Chile by 4.7% in the second quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock valued at $121,000 after buying an additional 212 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of 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 valued at $122,000 after buying an additional 967 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Banco Santander-Chile during the first quarter valued at approximately $125,000. Global X Management Co. LLC boosted its position in shares of Banco Santander-Chile by 27.4% in the first quarter. Global X Management Co. LLC now owns 7,497 shares of the bank’s stock valued at $188,000 after buying an additional 1,612 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Banco Santander-Chile during the first quarter valued at approximately $224,000.

Banco Santander-Chile (BSAC) opened at 29.47 on Tuesday. Banco Santander-Chile has a 12 month low of $20.22 and a 12 month high of $30.02. The stock has a 50 day moving average of $27.00 and a 200 day moving average of $24.61. The firm has a market capitalization of $13.88 billion and a PE ratio of 18.42.

Banco Santander-Chile (NASDAQ:BSAC) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Banco Santander-Chile had a net margin of 29.10% and a return on equity of 20.58%. The company had revenue of $704.02 million during the quarter, compared to analyst estimates of $458.92 million. During the same period last year, the business earned $0.40 earnings per share. On average, equities analysts predict that Banco Santander-Chile will post $1.77 earnings per share for the current fiscal year.

BSAC has been the subject of several analyst reports. Zacks Investment Research cut shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Monday, June 26th. Credit Suisse Group restated a “neutral” rating and issued a $26.00 target price (up from $25.00) on shares of Banco Santander-Chile in a research report on Wednesday, April 19th. Finally, BidaskClub cut shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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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