Edmond DE Rothschild Holding S.A. Purchases 10,000 Shares of Banco Santander-Chile (NYSE:BSAC)

Edmond DE Rothschild Holding S.A. boosted its position in Banco Santander-Chile (NYSE:BSAC) by 43.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,968 shares of the bank’s stock after acquiring an additional 10,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Banco Santander-Chile were worth $622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BSAC. Mirae Asset Global Investments Co. Ltd. grew its position in Banco Santander-Chile by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock valued at $58,000 after purchasing an additional 903 shares during the period. R Squared Ltd bought a new position in shares of Banco Santander-Chile in the fourth quarter valued at $61,000. Corient Private Wealth LLC acquired a new position in shares of Banco Santander-Chile during the fourth quarter valued at about $232,000. Sava Infond d.o.o. bought a new stake in shares of Banco Santander-Chile during the fourth quarter worth about $245,000. Finally, Blue Trust Inc. raised its holdings in shares of Banco Santander-Chile by 11.0% in the 4th quarter. Blue Trust Inc. now owns 18,415 shares of the bank’s stock worth $382,000 after acquiring an additional 1,831 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America lowered Banco Santander-Chile from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $21.00 in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Banco Santander-Chile currently has an average rating of “Hold” and a consensus target price of $21.33.

Banco Santander-Chile Stock Up 2.8 %

BSAC opened at $23.44 on Wednesday. Banco Santander-Chile has a fifty-two week low of $17.73 and a fifty-two week high of $24.06. The firm has a market capitalization of $11.04 billion, a P/E ratio of 12.08, a PEG ratio of 0.96 and a beta of 0.83. The company’s 50-day moving average is $22.02 and its 200 day moving average is $20.41. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79.

Banco Santander-Chile (NYSE:BSAC) last posted its earnings results on Friday, January 31st. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). Banco Santander-Chile had a return on equity of 19.15% and a net margin of 19.16%. Research analysts expect that Banco Santander-Chile will post 2.07 earnings per share for the current fiscal year.

About Banco Santander-Chile

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.