Banco Santander-Chile (NYSE:BSAC) Rating Increased to Hold at StockNews.com

Banco Santander-Chile (NYSE:BSAC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

A number of other research firms have also issued reports on BSAC. Itau BBA Securities raised shares of Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Wednesday, June 12th. Berenberg Bank raised shares of Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.48.

Banco Santander-Chile Stock Performance

BSAC traded down $0.63 during trading on Monday, reaching $18.73. 330,465 shares of the company’s stock were exchanged, compared to its average volume of 294,871. Banco Santander-Chile has a 1 year low of $16.89 and a 1 year high of $21.19. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.83 and a quick ratio of 1.86. The stock has a market capitalization of $8.82 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 0.41 and a beta of 0.86. The company’s fifty day simple moving average is $19.39 and its 200-day simple moving average is $19.23.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Banco Santander-Chile by 0.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock worth $53,228,000 after buying an additional 23,000 shares during the period. RWC Asset Management LLP increased its stake in shares of Banco Santander-Chile by 60.5% during the second quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock worth $14,999,000 after buying an additional 300,257 shares during the period. abrdn plc increased its stake in shares of Banco Santander-Chile by 0.4% during the fourth quarter. abrdn plc now owns 730,572 shares of the bank’s stock worth $14,239,000 after buying an additional 2,987 shares during the period. AGF Management Ltd. purchased a new stake in shares of Banco Santander-Chile during the fourth quarter worth approximately $7,991,000. Finally, Sei Investments Co. increased its stake in shares of Banco Santander-Chile by 8.4% during the first quarter. Sei Investments Co. now owns 327,191 shares of the bank’s stock worth $6,488,000 after buying an additional 25,237 shares during the period. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander-Chile Company 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.