Sava Infond d.o.o. Takes $245,000 Position in Banco Santander-Chile (NYSE:BSAC)

Sava Infond d.o.o. bought a new position in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 13,000 shares of the bank's stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Itau Unibanco Holding S.A. raised its position in 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 acquiring an additional 131,637 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Banco Santander-Chile during the 3rd quarter worth approximately $1,724,000. JPMorgan Chase & Co. raised its position in shares of Banco Santander-Chile by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank's stock worth $81,533,000 after purchasing an additional 75,888 shares during the last quarter. SPX Gestao de Recursos Ltda grew its holdings 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 buying an additional 60,889 shares during the last quarter. Finally, State Street Corp increased its position in Banco Santander-Chile by 25.3% during the third quarter. State Street Corp now owns 293,049 shares of the bank's stock worth $6,084,000 after buying an additional 59,215 shares in the last quarter. 6.42% of the stock is owned by institutional investors and hedge funds.

Banco Santander-Chile Trading Up 1.9 %

NYSE:BSAC traded up $0.43 on Tuesday, hitting $23.23. 43,566 shares of the stock were exchanged, compared to its average volume of 276,633. The stock has a fifty day moving average of $21.94 and a 200-day moving average of $20.39. The stock has a market cap of $10.94 billion, a PE ratio of 11.97, a PEG ratio of 0.96 and a beta of 0.83. 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 fifty-two week low of $17.73 and a fifty-two week high of $23.80.

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

Analysts Set New Price Targets

Separately, Bank of America lowered shares of Banco Santander-Chile from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $22.00 to $21.00 in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.