Deprince Race & Zollo Inc. Acquires 85,215 Shares of Banco Santander Chile $BSAC

Deprince Race & Zollo Inc. increased its stake in Banco Santander Chile (NYSE:BSAC) by 78.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 193,499 shares of the bank’s stock after buying an additional 85,215 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Banco Santander Chile were worth $6,463,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. USS Investment Management Ltd increased its holdings in Banco Santander Chile by 45.5% during the fourth quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock worth $48,603,000 after buying an additional 488,676 shares during the last quarter. INCA Investments LLC boosted its stake in Banco Santander Chile by 48.8% in the fourth quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock valued at $33,110,000 after acquiring an additional 349,082 shares during the last quarter. Millennium Management LLC boosted its stake in Banco Santander Chile by 221.0% in the fourth quarter. Millennium Management LLC now owns 271,827 shares of the bank’s stock valued at $8,457,000 after acquiring an additional 187,151 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Banco Santander Chile by 120.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 254,585 shares of the bank’s stock valued at $6,747,000 after acquiring an additional 139,015 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Banco Santander Chile by 34.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 439,613 shares of the bank’s stock valued at $11,087,000 after acquiring an additional 113,408 shares during the period. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Trading Up 0.2%

NYSE BSAC opened at $32.64 on Friday. Banco Santander Chile has a 1-year low of $22.77 and a 1-year high of $37.72. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.26. The stock has a 50-day moving average of $31.71 and a 200-day moving average of $32.87. The firm has a market cap of $15.38 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 0.77 and a beta of 0.52.

Banco Santander Chile (NYSE:BSAC) last posted 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 return on equity of 21.00% and a net margin of 24.95%.The business had revenue of $791.52 million for the quarter. As a group, sell-side analysts forecast that Banco Santander Chile will post 2.85 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on BSAC shares. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. UBS Group cut their target price on Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Citigroup upgraded shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. upgraded shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Banco Santander Chile presently has an average rating of “Moderate Buy” and an average price target of $36.00.

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.