DnB Asset Management AS Buys 42,371 Shares of Banco Santander-Chile (NYSE:BSAC)

DnB Asset Management AS boosted its stake in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 307,359 shares of the bank's stock after purchasing an additional 42,371 shares during the period. DnB Asset Management AS owned about 0.07% of Banco Santander-Chile worth $5,797,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BSAC. Sava Infond d.o.o. bought a new position in Banco Santander-Chile in the 4th quarter valued at $245,000. JPMorgan Chase & Co. lifted its position in shares of Banco Santander-Chile by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 3,988,659 shares of the bank's stock valued at $75,226,000 after buying an additional 61,242 shares in the last quarter. American Century Companies Inc. increased its stake in Banco Santander-Chile by 6.3% during the 4th quarter. American Century Companies Inc. now owns 188,808 shares of the bank's stock worth $3,561,000 after buying an additional 11,122 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in Banco Santander-Chile in the 4th quarter valued at about $232,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Banco Santander-Chile by 10.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 258,377 shares of the bank's stock valued at $4,873,000 after buying an additional 24,923 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Bank of America cut 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.33.

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Banco Santander-Chile Trading Down 1.0 %

Shares of BSAC traded down $0.24 during trading hours on Thursday, hitting $23.05. The stock had a trading volume of 228,633 shares, compared to its average volume of 277,817. The company's fifty day simple moving average is $22.09 and its 200 day simple moving average is $20.43. Banco Santander-Chile has a 12-month low of $17.73 and a 12-month high of $24.02. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $10.86 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.96 and a beta of 0.72.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last released its quarterly earnings data 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 return on equity of 19.15% and a net margin of 19.16%. Equities research analysts forecast that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

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.