Banco BTG Pactual S.A. Buys Shares of 26,000 Banco Santander Chile $BSAC

Banco BTG Pactual S.A. bought a new stake in Banco Santander Chile (NYSE:BSAC) in the 4th quarter, HoldingsChannel reports. The fund bought 26,000 shares of the bank’s stock, valued at approximately $809,000.

Several other institutional investors also recently bought and sold shares of the company. Cardinal Capital Management boosted its stake in Banco Santander Chile by 0.8% in the fourth quarter. Cardinal Capital Management now owns 102,880 shares of the bank’s stock valued at $3,201,000 after acquiring an additional 782 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Banco Santander Chile by 199.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after buying an additional 1,007 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Banco Santander Chile by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 11,470 shares of the bank’s stock worth $304,000 after buying an additional 1,037 shares during the period. Carrera Capital Advisors lifted its stake in shares of Banco Santander Chile by 1.4% during the fourth quarter. Carrera Capital Advisors now owns 88,178 shares of the bank’s stock worth $2,743,000 after buying an additional 1,202 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Banco Santander Chile during the second quarter worth $33,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley set a $38.00 price objective on shares of Banco Santander Chile in a research note on Wednesday, March 11th. UBS Group lowered their price objective on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. JPMorgan Chase & Co. upgraded shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a research note on Monday, March 30th. Itau BBA Securities upgraded shares of Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Banco Santander Chile has a consensus rating of “Hold” and an average price target of $36.00.

Banco Santander Chile Trading Up 3.6%

NYSE BSAC opened at $32.40 on Friday. The company has a market capitalization of $15.26 billion, a PE ratio of 13.96, a P/E/G ratio of 0.74 and a beta of 0.52. The company has a fifty day moving average of $32.32 and a 200 day moving average of $32.61. Banco Santander Chile has a 1 year low of $22.77 and a 1 year high of $37.72. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.48 and a quick ratio of 0.48.

Banco Santander Chile (NYSE:BSAC) last posted its earnings results on Monday, April 13th. The bank reported $0.63 earnings per share (EPS) for the quarter. The company had revenue of $791.52 million during the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. Research analysts forecast that Banco Santander Chile will post 2.85 earnings per share for the current year.

Banco Santander Chile Company Profile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.