Atlas Capital Advisors Inc. Buys 863 Shares of Banco Santander-Chile (NYSE:BSAC)

Atlas Capital Advisors Inc. grew its position in Banco Santander-Chile (NYSE:BSAC) by 12.3% in the fourth quarter, Holdings Channel reports. The fund owned 7,897 shares of the bank’s stock after acquiring an additional 863 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Banco Santander-Chile were worth $149,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in Banco Santander-Chile in the 3rd quarter worth about $1,724,000. JPMorgan Chase & Co. increased its stake in shares of Banco Santander-Chile by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank’s stock valued at $81,533,000 after buying an additional 75,888 shares during the period. SPX Gestao de Recursos Ltda raised its holdings in Banco Santander-Chile by 171.7% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 96,355 shares of the bank’s stock valued at $1,817,000 after buying an additional 60,889 shares during the last quarter. State Street Corp boosted its position 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 buying an additional 59,215 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Banco Santander-Chile by 9.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 629,275 shares of the bank’s stock worth $11,868,000 after acquiring an additional 55,061 shares during the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America downgraded shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and dropped their price target for the company from $22.00 to $21.00 in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.33.

Banco Santander-Chile Stock Performance

Shares of BSAC stock opened at $21.76 on Friday. The stock has a market capitalization of $10.25 billion, a PE ratio of 11.21, a PEG ratio of 0.96 and a beta of 0.72. The business’s 50 day simple moving average is $22.18 and its 200 day simple moving average is $20.45. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. Banco Santander-Chile has a one year low of $17.73 and a one year high of $23.80.

Banco Santander-Chile (NYSE:BSAC) last posted its quarterly earnings data on Friday, January 31st. The bank reported $0.61 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Banco Santander-Chile will post 2.07 earnings per share for the current 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.