Connor Clark & Lunn Investment Management Ltd. Grows Position in Banco Santander-Chile (NYSE:BSAC)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in Banco Santander-Chile (NYSE:BSAC) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 258,377 shares of the bank’s stock after acquiring an additional 24,923 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of Banco Santander-Chile worth $4,873,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Banco Santander-Chile by 41.3% in 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 purchased a new stake in Banco Santander-Chile in the fourth quarter worth about $61,000. Natixis Advisors LLC purchased a new stake in Banco Santander-Chile in the third quarter worth about $212,000. Blue Trust Inc. lifted its stake in Banco Santander-Chile by 11.0% in the fourth quarter. Blue Trust Inc. now owns 18,415 shares of the bank’s stock worth $382,000 after acquiring an additional 1,831 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in Banco Santander-Chile in the fourth quarter worth about $364,000. 6.42% of the stock is owned by hedge funds and other institutional investors.

Banco Santander-Chile Stock Performance

BSAC stock opened at $22.99 on Monday. The firm has a market cap of $10.83 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.96 and a beta of 0.83. The firm has a 50-day simple moving average of $20.96 and a two-hundred day simple moving average of $20.15. Banco Santander-Chile has a one year low of $17.73 and a one year high of $23.12. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79.

Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings results on Friday, January 31st. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. On average, equities analysts forecast that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Bank of America lowered shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $21.00 in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.33.

Banco Santander-Chile Profile

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.