Rhumbline Advisers Reduces Holdings in Banco Santander-Chile (NYSE:BSAC)

Rhumbline Advisers lowered its position in shares of Banco Santander-Chile (NYSE:BSAC) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,832 shares of the bank’s stock after selling 4,010 shares during the period. Rhumbline Advisers’ holdings in Banco Santander-Chile were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. increased its holdings in Banco Santander-Chile by 79.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank’s stock valued at $6,164,000 after purchasing an additional 131,637 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Banco Santander-Chile in the 3rd quarter valued at $1,724,000. JPMorgan Chase & Co. lifted its stake in Banco Santander-Chile by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank’s stock worth $81,533,000 after acquiring an additional 75,888 shares in the last quarter. State Street Corp lifted its stake in Banco Santander-Chile by 25.3% during the 3rd quarter. State Street Corp now owns 293,049 shares of the bank’s stock worth $6,084,000 after acquiring an additional 59,215 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Banco Santander-Chile during the 3rd quarter valued at about $902,000. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Bank of America cut shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $21.00 in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.33.

Banco Santander-Chile Price Performance

Banco Santander-Chile stock opened at $22.52 on Friday. The company has a market cap of $10.61 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83. Banco Santander-Chile has a one year low of $17.73 and a one year high of $22.89. The business has a fifty day moving average of $20.59 and a two-hundred day moving average of $20.10. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79.

Banco Santander-Chile (NYSE:BSAC) last posted its earnings results on Friday, January 31st. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. As a group, analysts predict that Banco Santander-Chile will post 2.07 earnings per share for the current fiscal year.

Banco Santander-Chile 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.