Eurizon Capital SGR S.p.A. Takes Position in Banco Santander Chile $BSAC

Eurizon Capital SGR S.p.A. bought a new stake in shares of Banco Santander Chile (NYSE:BSAC) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 22,914 shares of the bank’s stock, valued at approximately $713,000.

Other institutional investors have also made changes to their positions in the company. Allianz Asset Management GmbH acquired a new stake in shares of Banco Santander Chile during the 3rd quarter valued at about $597,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Banco Santander Chile during the 4th quarter valued at about $3,369,000. JPMorgan Chase & Co. boosted its position in shares of Banco Santander Chile by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock valued at $82,507,000 after acquiring an additional 17,119 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Banco Santander Chile by 13.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,278 shares of the bank’s stock valued at $4,240,000 after acquiring an additional 16,326 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Banco Santander Chile by 69.4% during the 4th quarter. UBS Group AG now owns 78,855 shares of the bank’s stock valued at $2,453,000 after acquiring an additional 32,297 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BSAC. Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. Bank of America raised shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a report on Wednesday, April 1st. JPMorgan Chase & Co. raised shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price target for the company in a report on Monday, March 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a report on Monday, April 20th. Finally, Morgan Stanley set a $38.00 price target on shares of Banco Santander Chile in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $36.00.

Banco Santander Chile Trading Down 2.4%

Shares of BSAC stock opened at $30.35 on Thursday. Banco Santander Chile has a 12-month low of $22.77 and a 12-month high of $37.72. The company has a market capitalization of $14.30 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.74 and a beta of 0.52. The firm has a 50-day moving average price of $32.47 and a 200 day moving average price of $32.54. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.26.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings results on Monday, April 13th. The bank reported $0.63 earnings per share (EPS) for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. The firm had revenue of $791.52 million during the quarter. Research analysts forecast that Banco Santander Chile will post 2.85 earnings per share for the current fiscal year.

Banco Santander Chile Company Profile

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.