Russell Investments Group Ltd. Buys 1,551 Shares of Banco Santander-Chile (NYSE:BSAC)

Russell Investments Group Ltd. grew its holdings in shares of Banco Santander-Chile (NYSE:BSAC) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,618 shares of the bank’s stock after buying an additional 1,551 shares during the quarter. Russell Investments Group Ltd.’s holdings in Banco Santander-Chile were worth $343,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in shares of Banco Santander-Chile during the fourth quarter valued at about $181,000. Privium Fund Management B.V. acquired a new position in shares of Banco Santander-Chile during the third quarter valued at about $220,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Banco Santander-Chile by 9.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock valued at $222,000 after buying an additional 1,033 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Banco Santander-Chile by 8.4% during the third quarter. Alps Advisors Inc. now owns 33,829 shares of the bank’s stock valued at $620,000 after buying an additional 2,632 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of Banco Santander-Chile during the third quarter valued at about $658,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.97.

Banco Santander-Chile Stock Down 1.3 %

Banco Santander-Chile stock opened at $19.70 on Thursday. Banco Santander-Chile has a fifty-two week low of $16.89 and a fifty-two week high of $21.81. The stock has a market cap of $9.28 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 0.40 and a beta of 0.84. The firm’s 50-day simple moving average is $19.21 and its 200 day simple moving average is $19.12. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.80 and a current ratio of 1.80.

Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings results on Tuesday, April 30th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $524.08 million for the quarter, compared to analysts’ expectations of $544.26 million. Banco Santander-Chile had a return on equity of 9.62% and a net margin of 9.58%. Research analysts predict that Banco Santander-Chile will post 1.85 EPS for the current fiscal year.

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.