Corient Private Wealth LLC Makes New $232,000 Investment in Banco Santander-Chile (NYSE:BSAC)

Corient Private Wealth LLC acquired a new stake in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,284 shares of the bank's stock, valued at approximately $232,000.

Several other large investors also recently added to or reduced their stakes in BSAC. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Banco Santander-Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank's stock valued at $58,000 after buying an additional 903 shares during the period. R Squared Ltd purchased a new position in Banco Santander-Chile during the 4th quarter valued at about $61,000. Blue Trust Inc. increased its position in Banco Santander-Chile by 11.0% during the 4th quarter. Blue Trust Inc. now owns 18,415 shares of the bank's stock valued at $382,000 after purchasing an additional 1,831 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Banco Santander-Chile in the 4th quarter valued at about $364,000. Finally, Jane Street Group LLC purchased a new stake in shares of Banco Santander-Chile in the 3rd quarter worth approximately $527,000. 6.42% of the stock is owned by hedge funds and other institutional investors.

Banco Santander-Chile Stock Down 0.7 %

Shares of NYSE:BSAC traded down $0.17 during trading on Wednesday, reaching $23.27. The stock had a trading volume of 337,661 shares, compared to its average volume of 277,926. The firm's 50-day simple moving average is $22.02 and its 200 day simple moving average is $20.41. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a one year low of $17.73 and a one year high of $24.06. The company has a market capitalization of $10.96 billion, a P/E ratio of 11.99, a PEG ratio of 0.96 and a beta of 0.83.

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Banco Santander-Chile (NYSE:BSAC - Get Free Report) last announced its 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%. As a group, research analysts expect that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded shares of Banco Santander-Chile from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $21.33.

Banco Santander-Chile 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.