Banco BTG Pactual S.A. Invests $809,000 in Banco Santander Chile $BSAC

Banco BTG Pactual S.A. bought a new position in shares of Banco Santander Chile (NYSE:BSAC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,000 shares of the bank’s stock, valued at approximately $809,000.

A number of other institutional investors have also modified their holdings of the stock. Syon Capital LLC purchased a new position in shares of Banco Santander Chile during the fourth quarter worth approximately $262,000. Goldman Sachs Group Inc. increased its position in shares of Banco Santander Chile by 5.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 77,303 shares of the bank’s stock worth $2,405,000 after acquiring an additional 3,748 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of Banco Santander Chile during the fourth quarter worth approximately $713,000. Hantz Financial Services Inc. increased its position in shares of Banco Santander Chile by 39.2% during the fourth quarter. Hantz Financial Services Inc. now owns 20,499 shares of the bank’s stock worth $638,000 after acquiring an additional 5,777 shares during the period. Finally, Global Retirement Partners LLC increased its position in shares of Banco Santander Chile by 11,750.9% during the fourth quarter. Global Retirement Partners LLC now owns 6,755 shares of the bank’s stock worth $210,000 after acquiring an additional 6,698 shares during the period. 6.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BSAC. Bank of America raised shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research 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 target price on the stock in a research 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. Morgan Stanley set a $38.00 price objective on shares of Banco Santander Chile in a report on Wednesday, March 11th. Finally, Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.00.

Banco Santander Chile Stock Performance

Shares of BSAC stock opened at $32.40 on Friday. The firm has a market cap of $15.26 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.74 and a beta of 0.52. The company’s 50 day moving average is $32.32 and its 200 day moving average is $32.61. 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 has a 52-week low of $22.77 and a 52-week high of $37.72.

Banco Santander Chile (NYSE:BSAC) last announced its earnings results on Monday, April 13th. The bank reported $0.63 earnings per share for the quarter. The company had revenue of $791.52 million during the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. On average, sell-side analysts anticipate that Banco Santander Chile will post 2.85 EPS 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.