WD Rutherford LLC Buys New Stake in Banco Santander Chile $BSAC

WD Rutherford LLC purchased a new position in shares of Banco Santander Chile (NYSE:BSAC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 116,928 shares of the bank’s stock, valued at approximately $3,905,000. Banco Santander Chile makes up 1.7% of WD Rutherford LLC’s portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BSAC. Deprince Race & Zollo Inc. purchased a new position in Banco Santander Chile during the 4th quarter worth approximately $3,369,000. JPMorgan Chase & Co. increased its position in Banco Santander Chile by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock worth $82,507,000 after buying an additional 17,119 shares during the period. UBS Group AG lifted its stake in Banco Santander Chile by 69.4% in the fourth quarter. UBS Group AG now owns 78,855 shares of the bank’s stock valued at $2,453,000 after buying an additional 32,297 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Banco Santander Chile by 13.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,278 shares of the bank’s stock valued at $4,240,000 after buying an additional 16,326 shares during the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in Banco Santander Chile in the fourth quarter valued at approximately $809,000. 6.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BSAC shares. UBS Group lowered their target price on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Monday, April 20th. Morgan Stanley set a $38.00 price objective on shares of Banco Santander Chile in a research report on Wednesday, March 11th. 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. Finally, JPMorgan Chase & Co. upgraded shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.00.

Banco Santander Chile Price Performance

Banco Santander Chile stock opened at $32.56 on Thursday. Banco Santander Chile has a 12 month low of $22.77 and a 12 month 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. The business has a 50 day simple moving average of $31.74 and a 200-day simple moving average of $32.85. The stock has a market capitalization of $15.34 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.78 and a beta of 0.52.

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

Banco Santander Chile 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.