Cardinal Capital Management Purchases 15,142 Shares of Banco Santander-Chile (NYSE:BSAC)

Cardinal Capital Management increased its position in shares of Banco Santander-Chile (NYSE:BSAC) by 19.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,768 shares of the bank’s stock after buying an additional 15,142 shares during the period. Cardinal Capital Management’s holdings in Banco Santander-Chile were worth $1,859,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BSAC. Alps Advisors Inc. raised its stake in Banco Santander-Chile by 8.4% during the 3rd quarter. Alps Advisors Inc. now owns 33,829 shares of the bank’s stock valued at $620,000 after purchasing an additional 2,632 shares during the last quarter. DNB Asset Management AS acquired a new position in Banco Santander-Chile during the 4th quarter valued at $2,669,000. Advisors Preferred LLC acquired a new position in Banco Santander-Chile during the 4th quarter valued at $181,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Banco Santander-Chile by 11.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 249,224 shares of the bank’s stock valued at $4,857,000 after purchasing an additional 25,393 shares during the last quarter. Finally, abrdn plc raised its stake in Banco Santander-Chile by 0.4% during the 4th quarter. abrdn plc now owns 730,572 shares of the bank’s stock valued at $14,239,000 after purchasing an additional 2,987 shares during the last quarter. 6.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BSAC. StockNews.com cut shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Itau BBA Securities raised shares of Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.48.

Banco Santander-Chile Stock Up 0.2 %

Shares of NYSE:BSAC opened at $18.67 on Friday. Banco Santander-Chile has a 12 month low of $16.89 and a 12 month high of $21.81. The company’s 50-day moving average price is $18.89 and its two-hundred day moving average price is $19.13. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 4.21. The firm has a market cap of $8.80 billion, a P/E ratio of 15.96, a P/E/G ratio of 0.38 and a beta of 0.87.

Banco Santander-Chile (NYSE:BSAC) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Banco Santander-Chile had a return on equity of 10.06% and a net margin of 9.58%. The company had revenue of $524.08 million for the quarter, compared to the consensus estimate of $544.26 million. As a group, research analysts forecast that Banco Santander-Chile will post 1.84 EPS for the current fiscal year.

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.