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

Atlas Capital Advisors Inc. raised its position in shares of Banco Santander-Chile (NYSE:BSAC) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,897 shares of the bank’s stock after acquiring an additional 863 shares during the period. Atlas Capital Advisors Inc.’s holdings in Banco Santander-Chile were worth $149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BSAC. Mirae Asset Global Investments Co. Ltd. increased its position in Banco Santander-Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock worth $58,000 after acquiring an additional 903 shares during the period. R Squared Ltd acquired a new position in shares of Banco Santander-Chile during the 4th quarter worth approximately $61,000. Corient Private Wealth LLC bought a new position in shares of Banco Santander-Chile during the fourth quarter worth approximately $232,000. Sava Infond d.o.o. acquired a new stake in shares of Banco Santander-Chile in the fourth quarter valued at approximately $245,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Banco Santander-Chile in the fourth quarter valued at approximately $364,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander-Chile Stock Performance

Shares of Banco Santander-Chile stock opened at $21.76 on Friday. The company has a 50 day moving average of $22.18 and a 200-day moving average of $20.45. The company has a market cap of $10.25 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a 1-year low of $17.73 and a 1-year high of $23.80.

Banco Santander-Chile (NYSE:BSAC) last issued its earnings results on Friday, January 31st. The bank reported $0.61 earnings per share 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, equities research analysts forecast that Banco Santander-Chile will post 2.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Bank of America lowered Banco Santander-Chile from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.33.

About Banco Santander-Chile

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.