Atlas Capital Advisors LLC Sells 1,790 Shares of Banco Santander-Chile (NYSE:BSAC)

Atlas Capital Advisors LLC trimmed its position in shares of Banco Santander-Chile (NYSE:BSAC) by 11.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,000 shares of the bank’s stock after selling 1,790 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Banco Santander-Chile were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BSAC. AGF Management Ltd. bought a new stake in shares of Banco Santander-Chile during the fourth quarter valued at approximately $7,991,000. DNB Asset Management AS purchased a new stake in shares of Banco Santander-Chile in the 4th quarter worth about $2,669,000. ABS Direct Equity Fund LLC bought a new position in shares of Banco Santander-Chile in the 4th quarter worth about $2,327,000. SPX Gestao de Recursos Ltda purchased a new position in Banco Santander-Chile during the 4th quarter valued at about $585,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Banco Santander-Chile by 11.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 249,224 shares of the bank’s stock worth $4,857,000 after acquiring an additional 25,393 shares in the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Stock Performance

BSAC opened at $18.67 on Friday. The company’s 50 day moving average is $18.89 and its 200 day moving average is $19.13. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 4.21. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 0.38 and a beta of 0.87. Banco Santander-Chile has a 12-month low of $16.89 and a 12-month high of $21.81.

Banco Santander-Chile (NYSE:BSAC) last issued 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). Banco Santander-Chile had a return on equity of 10.06% and a net margin of 9.58%. The business had revenue of $524.08 million for the quarter, compared to analysts’ expectations of $544.26 million. On average, equities research analysts predict that Banco Santander-Chile will post 1.84 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on BSAC shares. StockNews.com lowered shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Itau BBA Securities upgraded shares of Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.48.

About Banco Santander-Chile

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.