Banco Santander ChileBSAC
Market Cap: $9.35B
About: Founded in 1978, Banco Santander Chile is part of the Santander group and majority controlled by Santander Spain. Banco Santander is the largest bank in Chile by loans and the second largest by deposits. The bank generates most of its net interest income (roughly 65% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans. Banco Santander's commercial loan business is more focused on small- to medium-sized companies, with firms generating more than CLP 10,000 million in revenue only making up around 5% of outstanding loans. Outside of lending, Banco Santander is the largest card issuer in the country with around 25% of the market and benefits from a long-term strategic partnership with the largest airline in the country LATAM Chile.
Employees: 9,229
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0.33% less ownership
Funds ownership: 0.34% [Q1] → 0.01% (-0.33%) [Q2]
6% less funds holding
Funds holding: 108 [Q1] → 102 (-6) [Q2]
12% less capital invested
Capital invested by funds: $571M [Q1] → $504M (-$67.4M) [Q2]
30% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 44
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $211K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Goldman Sachs Tito Labarta 38% 1-year accuracy 5 / 13 met price target | 6%upside $21 | Neutral Upgraded | 20 Aug 2024 |
Itau BBA Jorge Perez 100% 1-year accuracy 1 / 1 met price target | 11%upside $22 | Outperform Upgraded | 12 Jun 2024 |