Advisors Preferred LLC Buys 15,061 Shares of Banco Santander Chile $BSAC

Advisors Preferred LLC increased its stake in shares of Banco Santander Chile (NYSE:BSAC) by 74.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,333 shares of the bank’s stock after acquiring an additional 15,061 shares during the period. Advisors Preferred LLC’s holdings in Banco Santander Chile were worth $1,180,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Banco Santander Chile during the second quarter worth about $33,000. EverSource Wealth Advisors LLC lifted its stake in Banco Santander Chile by 577.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after acquiring an additional 1,329 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Banco Santander Chile by 199.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after acquiring an additional 1,007 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Banco Santander Chile by 739.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock worth $47,000 after acquiring an additional 1,309 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Banco Santander Chile by 703.0% during the 4th quarter. Barclays PLC now owns 2,666 shares of the bank’s stock worth $83,000 after acquiring an additional 2,334 shares in the last quarter. 6.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BSAC shares. Bank of America upgraded shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research note on Wednesday, April 1st. UBS Group decreased their price objective on Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Wall Street Zen downgraded Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Sunday. Itau BBA Securities raised Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 19th. Finally, JPMorgan Chase & Co. upgraded Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 target price on the stock in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Banco Santander Chile Stock Up 0.6%

BSAC stock opened at $33.75 on Wednesday. Banco Santander Chile has a 1-year low of $22.77 and a 1-year high of $37.72. The business’s 50 day simple moving average is $31.81 and its 200 day simple moving average is $33.03. 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 firm has a market capitalization of $15.90 billion, a PE ratio of 14.55, a PEG ratio of 0.82 and a beta of 0.52.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings results on Friday, July 10th. The bank reported $0.88 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 $847.27 million during the quarter. As a group, research analysts anticipate that Banco Santander Chile will post 2.79 EPS for the current year.

Banco Santander Chile 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.