Banco Santander-Chile (NYSE:BSAC) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in Banco Santander-Chile (NYSE:BSAC - Free Report) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 258,377 shares of the bank's stock after purchasing an additional 24,923 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of Banco Santander-Chile worth $4,873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BSAC. Natixis Advisors LLC acquired a new position in Banco Santander-Chile in the 3rd quarter worth $212,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Banco Santander-Chile in the third quarter valued at about $461,000. Mirabella Financial Services LLP acquired a new stake in shares of Banco Santander-Chile during the third quarter worth approximately $700,000. Itau Unibanco Holding S.A. lifted its position in shares of Banco Santander-Chile by 79.6% during the third quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank's stock worth $6,164,000 after purchasing an additional 131,637 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Banco Santander-Chile in the third quarter worth about $902,000. Institutional investors and hedge funds own 6.42% of the company's stock.

Analyst Ratings Changes

Separately, Bank of America lowered Banco Santander-Chile from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $22.00 to $21.00 in a research 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 stock. According to MarketBeat, Banco Santander-Chile currently has a consensus rating of "Hold" and a consensus price target of $21.33.

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Banco Santander-Chile Stock Performance

Shares of NYSE BSAC traded down $0.32 during mid-day trading on Thursday, hitting $22.90. The company had a trading volume of 331,720 shares, compared to its average volume of 264,015. Banco Santander-Chile has a 12 month low of $17.73 and a 12 month high of $23.63. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.96 and a beta of 0.83. 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 firm's 50 day simple moving average is $21.24 and its two-hundred day simple moving average is $20.21.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate 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 research analysts forecast that Banco Santander-Chile will post 2.07 earnings per share 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.