Corient Private Wealth LLC Purchases Shares of 12,284 Banco Santander-Chile (NYSE:BSAC)

Corient Private Wealth LLC purchased a new stake in Banco Santander-Chile (NYSE:BSAC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,284 shares of the bank's stock, valued at approximately $232,000.

Several other large investors have also recently modified their holdings of BSAC. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Banco Santander-Chile by 10.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 258,377 shares of the bank's stock worth $4,873,000 after acquiring an additional 24,923 shares during the last quarter. SPX Gestao de Recursos Ltda increased its position in 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 purchasing an additional 60,889 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Banco Santander-Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank's stock worth $58,000 after purchasing an additional 903 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Banco Santander-Chile by 42.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,092 shares of the bank's stock worth $2,378,000 after purchasing an additional 37,660 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Banco Santander-Chile in the 4th quarter valued at $61,000. Institutional investors own 6.42% of the company's stock.

Banco Santander-Chile Trading Down 5.9 %

Shares of BSAC stock traded down $1.37 during trading hours on Friday, hitting $21.76. 427,021 shares of the company were exchanged, compared to its average volume of 278,788. 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 fifty-two week low of $17.73 and a fifty-two week high of $23.80. The company has a 50 day simple moving average of $22.18 and a two-hundred day simple moving average of $20.45. The firm has a market cap of $10.25 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.96 and a beta of 0.72.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The bank reported $0.61 earnings per share 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%. Equities analysts anticipate that Banco Santander-Chile will post 2.07 EPS for the current year.

Analysts Set New Price Targets

Separately, Bank of America downgraded shares of Banco Santander-Chile from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Banco Santander-Chile has an average rating of "Hold" and an average target price of $21.33.

Banco Santander-Chile Company Profile

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.