Advisors Preferred LLC Has $1.18 Million Position in Banco Santander Chile $BSAC

by · The Cerbat Gem

Advisors Preferred LLC boosted its position in Banco Santander Chile (NYSE:BSAC – Free Report) by 74.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,333 shares of the bank’s stock after purchasing an additional 15,061 shares during the quarter. Advisors Preferred LLC’s holdings in Banco Santander Chile were worth $1,180,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in Banco Santander Chile by 8.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,645 shares of the bank’s stock valued at $255,000 after buying an additional 618 shares in the last quarter. INCA Investments LLC lifted its holdings in shares of Banco Santander Chile by 18.8% during the first quarter. INCA Investments LLC now owns 1,263,892 shares of the bank’s stock worth $42,214,000 after buying an additional 199,618 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Banco Santander Chile in the first quarter valued at about $214,000. WD Rutherford LLC bought a new stake in shares of Banco Santander Chile in the first quarter valued at about $3,905,000. Finally, Deprince Race & Zollo Inc. grew its stake in shares of Banco Santander Chile by 78.7% in the first quarter. Deprince Race & Zollo Inc. now owns 193,499 shares of the bank’s stock valued at $6,463,000 after acquiring an additional 85,215 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a research report on Monday, April 20th. Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a report on Tuesday, May 5th. Itau BBA Securities upgraded shares of Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 19th. Wall Street Zen cut shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Citigroup upgraded shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

Check Out Our Latest Stock Report on BSAC

Banco Santander Chile Price Performance

Banco Santander Chile stock opened at $33.75 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.48 and a current ratio of 0.48. Banco Santander Chile has a 52 week low of $22.77 and a 52 week high of $37.72. The stock has a market capitalization of $15.90 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 0.82 and a beta of 0.52. The stock has a fifty day moving average of $31.81 and a 200-day moving average of $33.03.

Banco Santander Chile (NYSE:BSAC – Get Free Report) last released its quarterly earnings data on Friday, July 10th. The bank reported $0.88 earnings per share for the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%.The business had revenue of $847.27 million for the quarter. On average, sell-side analysts expect that Banco Santander Chile will post 2.79 earnings per share for the current fiscal year.

Banco Santander Chile Profile

(Free Report)

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.

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