WD Rutherford LLC Takes $3.90 Million Position in Banco Santander Chile $BSAC

WD Rutherford LLC acquired a new stake in Banco Santander Chile (NYSE:BSAC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 116,928 shares of the bank’s stock, valued at approximately $3,905,000. Banco Santander Chile accounts for 1.7% of WD Rutherford LLC’s holdings, making the stock its 26th biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Banco Santander Chile by 457.1% during the 1st quarter. AQR Capital Management LLC now owns 107,076 shares of the bank’s stock valued at $2,441,000 after acquiring an additional 87,856 shares during the period. Jane Street Group LLC increased its stake in Banco Santander Chile by 140.0% during the first quarter. Jane Street Group LLC now owns 47,222 shares of the bank’s stock worth $1,077,000 after purchasing an additional 27,549 shares during the period. Acadian Asset Management LLC purchased a new stake in Banco Santander Chile during the first quarter worth about $240,000. Creative Planning lifted its position in shares of Banco Santander Chile by 19.1% during the second quarter. Creative Planning now owns 16,854 shares of the bank’s stock worth $425,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Banco Santander Chile during the second quarter worth about $2,915,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on BSAC. Citigroup upgraded shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a report on Monday, April 20th. UBS Group decreased their price target on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Finally, Bank of America raised Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Banco Santander Chile has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Banco Santander Chile Stock Down 1.1%

Shares of NYSE BSAC opened at $32.56 on Thursday. The business has a 50-day moving average of $31.74 and a two-hundred day moving average of $32.85. The company has a market capitalization of $15.34 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.78 and a beta of 0.52. Banco Santander Chile has a 1 year low of $22.77 and a 1 year high of $37.72. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.48 and a quick ratio of 0.48.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings data 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 business had revenue of $791.52 million for the quarter. On average, analysts forecast that Banco Santander Chile will post 2.85 earnings per share for the current fiscal year.

Banco Santander Chile Profile

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.