Traders buy large volume of Banco Santander-Chili call options (NYSE: BSAC)

Banco Santander-Chile (NYSE: BSAC) was the recipient of unusual options trading activity on Thursday. Traders acquired 10,046 call options on the stock. This is an increase of 21,274% over the average daily volume of 47 call options.

Institutional investors and hedge funds have recently changed their holdings of equities. Deprince Race & Zollo Inc. purchased a new stake in Banco Santander-Chile during the third quarter for a value of $ 4,045,000. Colony Group LLC purchased a new stake in Banco Santander-Chili during the third quarter for a value of $ 263,000. Jane Street Group LLC purchased a new stake in Banco Santander-Chili during the third quarter for a value of $ 262,000. Two Sigma Investments LP purchased a new stake in Banco Santander-Chili during the third quarter for a value of $ 257,000. Finally, Wellington Management Group LLP increased its stake in Banco Santander-Chili by 28.5% during the third quarter. Wellington Management Group LLP now owns 1,002,241 shares of the bank valued at $ 19,814,000 after acquiring an additional 222,232 shares during the period. 8.50% of the capital is held by institutional investors.

Separately, Zacks investment research downgraded Banco Santander-Chile shares from a “hold†rating to a “strong sell†rating in a Thursday October 21 research note. One equity research analyst rated the stock with a sell rating, two issued a conservation rating, and one assigned a buy rating to the company. According to MarketBeat, the stock has an average “Hold†rating and a consensus price target of $ 28.00.

NYSE: BSAC shares traded down $ 0.27 during Thursday’s noon session, reaching $ 17.45. 558,888 shares of the company were traded, for an average volume of 455,570. The company has a current ratio of 2.00, a quick ratio of 1.96 and a debt ratio of 5.09. The company’s 50-day moving average price is $ 19.47. The stock has a market cap of $ 8.22 billion, a P / E ratio of 8.40, a PEG ratio of 0.68 and a beta of 0.78. Banco Santander-Chile has a 12-month minimum of $ 17.02 and a 12-month maximum of $ 26.15.

Banco Santander-Chile (NYSE: BSAC) last released its results on Friday, October 29. The bank announced EPS of $ 0.46 for the quarter, missing the consensus estimate of $ 0.50 ($ 0.04). Banco Santander-Chile recorded a return on equity of 20.78% and a net margin of 24.93%. In the same quarter of the previous year, the company achieved EPS of $ 0.28. Analysts expect Banco Santander-Chile to post EPS of 2.02 for the current fiscal year.

Banco Santander-Chile Company Profile

Banco Santander Chile SA provides commercial and retail banking services. It operates through the following segments: Retail banking, Mid-market, Corporate and investment banking and Others. Retail Banking segment offers consumer loans, credit cards, auto loans, business loans, currency, mortgages, debit cards, checking accounts, savings products, mutual funds investment, securities brokerage and insurance brokerage.

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