Deprince Race & Zollo Inc. Grows Position in Banco Santander-Chile (NYSE:BSAC)

Deprince Race & Zollo Inc. increased its position in shares of Banco Santander-Chile (NYSE:BSAC) by 1.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,488 shares of the bank’s stock after buying an additional 1,300 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Banco Santander-Chile were worth $1,974,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BSAC. Morgan Stanley grew its stake in Banco Santander-Chile by 234,918.4% during the 1st quarter. Morgan Stanley now owns 599,297 shares of the bank’s stock worth $14,881,000 after buying an additional 599,042 shares during the last quarter. BlackRock Inc. grew its stake in Banco Santander-Chile by 15.4% during the 1st quarter. BlackRock Inc. now owns 2,706,481 shares of the bank’s stock worth $67,201,000 after buying an additional 361,827 shares during the last quarter. NS Partners Ltd purchased a new position in Banco Santander-Chile during the 1st quarter worth approximately $7,864,000. Itau Unibanco Holding S.A. grew its stake in Banco Santander-Chile by 21.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,421,771 shares of the bank’s stock worth $26,999,000 after buying an additional 251,830 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Banco Santander-Chile during the 1st quarter worth approximately $4,787,000. Hedge funds and other institutional investors own 10.65% of the company’s stock.

NYSE BSAC opened at $19.18 on Thursday. The firm has a market capitalization of $9.04 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 0.63 and a beta of 0.81. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.96 and a current ratio of 1.96. Banco Santander-Chile has a fifty-two week low of $13.31 and a fifty-two week high of $26.15. The business has a fifty day moving average of $20.21.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Friday, April 30th. The bank reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.11. The business had revenue of $753.20 million during the quarter, compared to the consensus estimate of $750.17 million. Banco Santander-Chile had a return on equity of 16.12% and a net margin of 21.26%. As a group, analysts forecast that Banco Santander-Chile will post 1.93 EPS for the current fiscal year.

Several brokerages have weighed in on BSAC. Zacks Investment Research downgraded Banco Santander-Chile from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 16th. Credit Suisse Group downgraded Banco Santander-Chile from an “outperform” rating to a “neutral” rating in a research note on Friday, March 26th. Bank of America upgraded Banco Santander-Chile from a “neutral” rating to a “buy” rating and lifted their target price for the company from $25.00 to $27.00 in a research note on Tuesday, May 4th. Finally, Scotiabank downgraded Banco Santander-Chile from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $28.00.

About Banco Santander-Chile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Corporate Investment Banking 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.

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Institutional Ownership by Quarter for Banco Santander-Chile (NYSE:BSAC)

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