DnB Asset Management AS Purchases 42,371 Shares of Banco Santander-Chile (NYSE:BSAC)

DnB Asset Management AS raised its holdings in Banco Santander-Chile (NYSE:BSAC) by 16.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 307,359 shares of the bank’s stock after acquiring an additional 42,371 shares during the quarter. DnB Asset Management AS’s holdings in Banco Santander-Chile were worth $5,797,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BSAC. Itau Unibanco Holding S.A. raised its holdings in Banco Santander-Chile by 79.6% during the third quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank’s stock worth $6,164,000 after buying an additional 131,637 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Banco Santander-Chile during the third quarter valued at about $1,724,000. JPMorgan Chase & Co. increased its stake in shares of Banco Santander-Chile by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank’s stock worth $81,533,000 after purchasing an additional 75,888 shares during the last quarter. SPX Gestao de Recursos Ltda increased its position in Banco Santander-Chile by 171.7% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 96,355 shares of the bank’s stock worth $1,817,000 after buying an additional 60,889 shares during the last quarter. Finally, State Street Corp raised its stake in Banco Santander-Chile by 25.3% in the 3rd quarter. State Street Corp now owns 293,049 shares of the bank’s stock valued at $6,084,000 after acquiring an additional 59,215 shares during the period. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Price Performance

NYSE:BSAC opened at $23.17 on Monday. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 0.96 and a beta of 0.83. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a fifty day moving average of $21.87 and a 200 day moving average of $20.37. Banco Santander-Chile has a 52-week low of $17.73 and a 52-week high of $23.80.

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

Analyst Ratings Changes

Separately, Bank of America cut shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and lowered their target price for the company from $22.00 to $21.00 in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.33.

Banco Santander-Chile Company 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.