R Squared Ltd Takes Position in Banco Santander Chile $BSAC

R Squared Ltd acquired a new stake in shares of Banco Santander Chile (NYSE:BSAC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,449 shares of the bank’s stock, valued at approximately $289,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group raised its position in shares of Banco Santander Chile by 54,450.0% during the 1st quarter. Brooklyn Investment Group now owns 1,091 shares of the bank’s stock valued at $25,000 after buying an additional 1,089 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Banco Santander Chile during the 1st quarter valued at $206,000. Natixis Advisors LLC purchased a new stake in shares of Banco Santander Chile during the 1st quarter valued at $238,000. Acadian Asset Management LLC purchased a new stake in shares of Banco Santander Chile during the 1st quarter valued at $240,000. Finally, Genus Capital Management Inc. lifted its holdings in shares of Banco Santander Chile by 200.0% in the 1st quarter. Genus Capital Management Inc. now owns 11,200 shares of the bank’s stock worth $255,000 after acquiring an additional 22,400 shares during the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Trading Down 0.2%

NYSE:BSAC opened at $28.31 on Friday. The company has a fifty day moving average of $25.88 and a 200 day moving average of $24.75. Banco Santander Chile has a 52 week low of $18.19 and a 52 week high of $28.66. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $13.34 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.07 and a beta of 0.73.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Banco Santander Chile had a net margin of 24.32% and a return on equity of 22.17%. The firm had revenue of $757.38 million for the quarter, compared to the consensus estimate of $758.17 million. On average, research analysts predict that Banco Santander Chile will post 2.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on BSAC. JPMorgan Chase & Co. increased their target price on shares of Banco Santander Chile from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Friday. Finally, Wall Street Zen cut shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $26.00.

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.