Pinebridge Investments L.P. purchased a new stake in Banco Santander-Chile (NASDAQ:BSAC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,400 shares of the bank’s stock, valued at approximately $874,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Todd Asset Management LLC lifted its stake in Banco Santander-Chile by 0.9% in the second quarter. Todd Asset Management LLC now owns 729,985 shares of the bank’s stock valued at $18,549,000 after buying an additional 6,470 shares during the period. Aberdeen Asset Management PLC UK lifted its stake in Banco Santander-Chile by 1.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 23,294,310 shares of the bank’s stock valued at $591,908,000 after buying an additional 290,600 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Banco Santander-Chile by 247.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 41,430 shares of the bank’s stock valued at $1,053,000 after buying an additional 29,500 shares during the period. Comerica Bank lifted its stake in Banco Santander-Chile by 1.3% in the first quarter. Comerica Bank now owns 27,055 shares of the bank’s stock valued at $638,000 after buying an additional 352 shares during the period. Finally, BNP Paribas Arbitrage SA acquired a new position in Banco Santander-Chile in the first quarter valued at approximately $235,000.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/30/pinebridge-investments-l-p-purchases-shares-of-34400-banco-santander-chile-bsac.html.

Several equities analysts have issued reports on the company. Scotia Howard Weill raised Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 25th. Zacks Investment Research lowered Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Monday, June 26th. UBS AG lowered Banco Santander-Chile from a “neutral” rating to a “sell” rating and boosted their price target for the company from $24.00 to $27.00 in a research note on Tuesday, August 22nd. Finally, BidaskClub lowered Banco Santander-Chile from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.00.

Banco Santander-Chile (BSAC) opened at 29.71 on Friday. The firm has a 50-day moving average price of $29.30 and a 200 day moving average price of $25.94. Banco Santander-Chile has a 52 week low of $20.22 and a 52 week high of $30.63. The firm has a market capitalization of $14.00 billion and a price-to-earnings ratio of 14.85.

Banco Santander-Chile (NASDAQ:BSAC) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. The firm had revenue of $704.02 million for the quarter, compared to analyst estimates of $458.92 million. Banco Santander-Chile had a return on equity of 20.58% and a net margin of 29.10%. During the same period last year, the company earned $0.40 EPS. On average, equities research analysts forecast that Banco Santander-Chile will post $1.82 earnings per share for the current fiscal year.

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).

Institutional Ownership by Quarter 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.