Banco Santander-Chile (NYSE:BSAC) Stock Holdings Cut by INCA Investments LLC

INCA Investments LLC reduced its stake in Banco Santander-Chile (NYSE:BSAC) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,126,981 shares of the bank’s stock after selling 606,509 shares during the period. Banco Santander-Chile makes up approximately 18.4% of INCA Investments LLC’s portfolio, making the stock its 2nd biggest position. INCA Investments LLC owned about 0.45% of Banco Santander-Chile worth $41,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new stake in shares of Banco Santander-Chile during the fourth quarter worth about $181,000. Privium Fund Management B.V. purchased a new position in Banco Santander-Chile in the third quarter valued at approximately $220,000. Vanguard Personalized Indexing Management LLC increased its stake in Banco Santander-Chile by 9.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock valued at $222,000 after purchasing an additional 1,033 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Banco Santander-Chile by 9.7% in the fourth quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock valued at $343,000 after purchasing an additional 1,551 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in Banco Santander-Chile by 8.4% in the third quarter. Alps Advisors Inc. now owns 33,829 shares of the bank’s stock valued at $620,000 after purchasing an additional 2,632 shares during the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Banco Santander-Chile currently has an average rating of “Hold” and a consensus target price of $19.97.

Banco Santander-Chile Price Performance

Banco Santander-Chile stock traded up $0.30 during midday trading on Monday, reaching $18.49. The company’s stock had a trading volume of 390,396 shares, compared to its average volume of 292,971. Banco Santander-Chile has a fifty-two week low of $16.89 and a fifty-two week high of $21.81. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.80 and a current ratio of 1.80. The stock’s 50 day simple moving average is $19.41 and its 200 day simple moving average is $18.95. The firm has a market capitalization of $8.71 billion, a PE ratio of 14.56, a P/E/G ratio of 0.37 and a beta of 0.82.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings results on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Banco Santander-Chile had a return on equity of 10.73% and a net margin of 9.99%. The business had revenue of $621.60 million during the quarter, compared to analysts’ expectations of $609.98 million. On average, equities research analysts forecast that Banco Santander-Chile will post 1.85 earnings per share for the current year.

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.