Robeco Institutional Asset Management B.V. Boosts Stock Position in Banco Santander-Chile (NYSE:BSAC)

Robeco Institutional Asset Management B.V. grew its holdings in Banco Santander-Chile (NYSE:BSAC - Free Report) by 42.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,092 shares of the bank's stock after acquiring an additional 37,660 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Banco Santander-Chile were worth $2,378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BSAC. abrdn plc increased its holdings in Banco Santander-Chile by 76.4% in the 3rd quarter. abrdn plc now owns 861,295 shares of the bank's stock valued at $18,036,000 after acquiring an additional 372,936 shares during the last quarter. Itau Unibanco Holding S.A. grew 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 valued at $6,164,000 after purchasing an additional 131,637 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Banco Santander-Chile in the third quarter worth about $1,724,000. JPMorgan Chase & Co. lifted its position in shares of Banco Santander-Chile by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank's stock worth $81,533,000 after buying an additional 75,888 shares in the last quarter. Finally, State Street Corp boosted its stake in Banco Santander-Chile by 25.3% during the third quarter. State Street Corp now owns 293,049 shares of the bank's stock valued at $6,084,000 after buying an additional 59,215 shares during the last quarter. Institutional investors own 6.42% of the company's stock.

Analyst Ratings Changes

Separately, Bank of America downgraded 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $21.33.

Banco Santander-Chile Price Performance

Shares of NYSE BSAC traded down $0.12 during mid-day trading on Friday, hitting $21.76. 365,837 shares of the company's stock traded hands, compared to its average volume of 191,129. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $22.02. The company's 50-day moving average is $19.32 and its two-hundred day moving average is $19.76. The company has a market capitalization of $10.25 billion, a P/E ratio of 11.21, a PEG ratio of 0.36 and a beta of 0.86.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. On average, equities analysts anticipate that Banco Santander-Chile will post 2.07 EPS for the current fiscal 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.