Deprince Race & Zollo Inc. Purchases 85,215 Shares of Banco Santander Chile $BSAC

Deprince Race & Zollo Inc. boosted its position in Banco Santander Chile (NYSE:BSAC) by 78.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,499 shares of the bank’s stock after acquiring an additional 85,215 shares during the period. Deprince Race & Zollo Inc.’s holdings in Banco Santander Chile were worth $6,463,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BSAC. JPMorgan Chase & Co. raised its stake in shares of Banco Santander Chile by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock valued at $82,507,000 after acquiring an additional 17,119 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Banco Santander Chile by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,599,117 shares of the bank’s stock worth $49,749,000 after purchasing an additional 5,660 shares during the last quarter. USS Investment Management Ltd grew its stake in shares of Banco Santander Chile by 45.5% in the fourth quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock worth $48,603,000 after purchasing an additional 488,676 shares during the last quarter. INCA Investments LLC grew its stake in shares of Banco Santander Chile by 48.8% in the fourth quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock worth $33,110,000 after purchasing an additional 349,082 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Banco Santander Chile by 8.7% during the 4th quarter. Renaissance Technologies LLC now owns 626,218 shares of the bank’s stock valued at $19,482,000 after purchasing an additional 50,191 shares during the period. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Stock Up 0.2%

BSAC stock opened at $32.64 on Friday. Banco Santander Chile has a fifty-two week low of $22.77 and a fifty-two week high of $37.72. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 0.77 and a beta of 0.52. The business’s 50 day moving average price is $31.71 and its two-hundred day moving average price is $32.87. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.48 and a current ratio of 0.48.

Banco Santander Chile (NYSE:BSAC) last released its earnings results on Monday, April 13th. The bank reported $0.63 EPS for the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%.The company had revenue of $791.52 million during the quarter. As a group, analysts forecast that Banco Santander Chile will post 2.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley set a $38.00 price target on Banco Santander Chile in a research report on Wednesday, March 11th. Bank of America raised Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Wednesday, April 1st. UBS Group decreased their target price on Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Itau BBA Securities raised Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

About Banco Santander Chile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.