Dimensional Fund Advisors LP Sells 6,530 Shares of Banco Santander-Chile (NYSE:BSAC)

Dimensional Fund Advisors LP reduced its position in Banco Santander-Chile (NYSE:BSAC) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 494,037 shares of the bank’s stock after selling 6,530 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.10% of Banco Santander-Chile worth $9,301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. RWC Asset Management LLP lifted its holdings in shares of Banco Santander-Chile by 60.5% during the second quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock valued at $14,999,000 after acquiring an additional 300,257 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Banco Santander-Chile during the first quarter valued at $929,000. DNB Asset Management AS lifted its holdings in shares of Banco Santander-Chile by 35.8% during the second quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock valued at $3,140,000 after acquiring an additional 43,949 shares during the period. Sei Investments Co. raised its holdings in shares of Banco Santander-Chile by 8.4% in the first quarter. Sei Investments Co. now owns 327,191 shares of the bank’s stock valued at $6,488,000 after buying an additional 25,237 shares during the last quarter. Finally, AGF Management Ltd. raised its holdings in shares of Banco Santander-Chile by 6.5% in the second quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock valued at $7,584,000 after buying an additional 24,697 shares during the last quarter. 6.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on BSAC shares. The Goldman Sachs Group raised Banco Santander-Chile from a “sell” rating to a “neutral” rating and lifted their price target for the company from $18.00 to $21.00 in a report on Tuesday, August 20th. Berenberg Bank upgraded Banco Santander-Chile to a “hold” rating in a research report on Tuesday, July 30th. Itau BBA Securities upgraded Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Wednesday, June 12th. Finally, StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.48.

Banco Santander-Chile Trading Down 0.7 %

NYSE BSAC opened at $19.64 on Tuesday. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 0.41 and a beta of 0.86. The stock’s 50 day moving average price is $20.16 and its two-hundred day moving average price is $19.58. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.82 and a current ratio of 1.82. Banco Santander-Chile has a 52 week low of $16.89 and a 52 week high of $21.43.

Banco Santander-Chile (NYSE:BSAC) last posted its earnings results on Wednesday, July 31st. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $599.94 million for the quarter, compared to analyst estimates of $693.44 million. Banco Santander-Chile had a return on equity of 11.87% and a net margin of 11.84%. As a group, analysts anticipate that Banco Santander-Chile will post 1.82 earnings per share for the current fiscal year.

Banco Santander-Chile Company Profile

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.