BNP Paribas Arbitrage SA Buys 87,455 Shares of Banco Santander-Chile (BSAC)
BNP Paribas Arbitrage SA increased its position in shares of Banco Santander-Chile (NASDAQ:BSAC) by 932.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,836 shares of the bank’s stock after buying an additional 87,455 shares during the period. BNP Paribas Arbitrage SA’s holdings in Banco Santander-Chile were worth $2,461,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Huntington National Bank increased its stake in shares of Banco Santander-Chile by 4.7% in the second quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock worth $121,000 after buying an additional 212 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Banco Santander-Chile by 24.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,879 shares of the bank’s stock worth $122,000 after buying an additional 967 shares during the period. FNY Partners Fund LP bought a new stake in shares of Banco Santander-Chile during the first quarter worth approximately $125,000. Global X Management Co. LLC increased its stake in shares of Banco Santander-Chile by 27.4% in the first quarter. Global X Management Co. LLC now owns 7,497 shares of the bank’s stock worth $188,000 after buying an additional 1,612 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Banco Santander-Chile during the first quarter worth approximately $224,000.
Shares of Banco Santander-Chile (NASDAQ BSAC) opened at 29.46 on Thursday. The stock’s 50 day moving average price is $27.94 and its 200-day moving average price is $25.06. The firm has a market cap of $13.88 billion and a P/E ratio of 18.41. Banco Santander-Chile has a 12 month low of $20.22 and a 12 month high of $30.18.
Banco Santander-Chile (NASDAQ:BSAC) last issued its earnings results on Friday, July 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The business had revenue of $704.02 million for the quarter, compared to analyst estimates of $458.92 million. Banco Santander-Chile had a net margin of 29.10% and a return on equity of 20.58%. During the same period in the prior year, the firm earned $0.40 earnings per share. Equities research analysts anticipate that Banco Santander-Chile will post $1.79 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/08/31/bnp-paribas-arbitrage-sa-buys-87455-shares-of-banco-santander-chile-bsac.html.
A number of equities research analysts have recently commented on the company. Scotia Howard Weill upgraded Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Monday, June 26th. UBS AG downgraded Banco Santander-Chile from a “neutral” rating to a “sell” rating and increased their price objective for the company from $24.00 to $27.00 in a research report on Tuesday, August 22nd. Finally, BidaskClub upgraded Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Banco Santander-Chile presently has an average rating of “Hold” and an average target price of $25.60.
Banco Santander-Chile Company Profile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.
Want to see what other hedge funds are holding BSAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander-Chile (NASDAQ:BSAC).
Receive News & Stock Ratings for Banco Santander-Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander-Chile and related stocks with our FREE daily email newsletter.