Strs Ohio Sells 19,482 Shares of Banco Santander Chile $BSAC

Strs Ohio lowered its holdings in Banco Santander Chile (NYSE:BSAC) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,648 shares of the bank’s stock after selling 19,482 shares during the quarter. Strs Ohio’s holdings in Banco Santander Chile were worth $3,473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its stake in shares of Banco Santander Chile by 200.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 832,647 shares of the bank’s stock valued at $22,065,000 after purchasing an additional 555,919 shares during the period. INCA Investments LLC boosted its stake in shares of Banco Santander Chile by 36.4% in the 3rd quarter. INCA Investments LLC now owns 715,192 shares of the bank’s stock valued at $18,953,000 after purchasing an additional 191,014 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Banco Santander Chile by 120.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 254,585 shares of the bank’s stock worth $6,747,000 after purchasing an additional 139,015 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Banco Santander Chile by 34.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 439,613 shares of the bank’s stock valued at $11,087,000 after purchasing an additional 113,408 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in Banco Santander Chile during the fourth quarter worth about $3,369,000. Institutional investors own 6.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BSAC shares. The Goldman Sachs Group cut Banco Santander Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. 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 report on Monday, March 30th. Bank of America upgraded Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research report on Wednesday, April 1st. Finally, Itau BBA Securities upgraded Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 19th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.50.

Banco Santander Chile Price Performance

Shares of BSAC opened at $30.34 on Wednesday. The stock has a market cap of $14.29 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 0.88 and a beta of 0.53. Banco Santander Chile has a 1 year low of $22.77 and a 1 year high of $37.72. The stock’s 50-day moving average price is $33.13 and its two-hundred day moving average price is $32.22. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.94.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings results on Monday, April 13th. The bank reported $0.63 EPS for the quarter. Banco Santander Chile had a return on equity of 21.01% and a net margin of 24.95%.The company had revenue of $787.51 million during the quarter. On average, equities analysts predict that Banco Santander Chile will post 2.86 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.