Dimensional Fund Advisors LP Raises Stock Position in Banco Santander Chile $BSAC

Dimensional Fund Advisors LP increased its position in shares of Banco Santander Chile (NYSE:BSAC) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 643,160 shares of the bank’s stock after acquiring an additional 57,400 shares during the quarter. Dimensional Fund Advisors LP owned about 0.14% of Banco Santander Chile worth $21,461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Banco Santander Chile in the second quarter worth $33,000. Smartleaf Asset Management LLC lifted its holdings in shares of Banco Santander Chile by 739.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,309 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Banco Santander Chile by 199.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,007 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Banco Santander Chile by 577.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Banco Santander Chile by 703.0% in the 4th quarter. Barclays PLC now owns 2,666 shares of the bank’s stock worth $83,000 after purchasing an additional 2,334 shares in the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Citigroup raised Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Zacks Research raised Banco Santander Chile from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Friday, July 17th. UBS Group cut their price objective on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Finally, Wall Street Zen lowered shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.40.

Banco Santander Chile Trading Up 1.3%

Shares of NYSE:BSAC opened at $35.72 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.72 and a debt-to-equity ratio of 2.06. Banco Santander Chile has a 52-week low of $23.26 and a 52-week high of $37.72. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 0.88 and a beta of 0.52. The business has a 50-day moving average price of $32.93 and a 200-day moving average price of $33.27.

Banco Santander Chile (NYSE:BSAC) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.87 earnings per share for the quarter. Banco Santander Chile had a net margin of 27.04% and a return on equity of 22.94%. The company had revenue of $905.26 million for the quarter. Equities analysts predict that Banco Santander Chile will post 2.89 EPS 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.