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

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

BSAC has been the subject of a number of other reports. Berenberg Bank raised Banco Santander-Chile to a “hold” rating in a research report on Tuesday, July 30th. Itau BBA Securities raised 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Banco Santander-Chile currently has a consensus rating of “Hold” and a consensus target price of $20.48.

Banco Santander-Chile Trading Down 3.3 %

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

Institutional Trading of Banco Santander-Chile

Several institutional investors and hedge funds have recently modified their holdings of BSAC. Parallel Advisors LLC raised its holdings in shares of Banco Santander-Chile by 115.5% in the 4th quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock valued at $33,000 after acquiring an additional 902 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Banco Santander-Chile by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,569 shares of the bank’s stock valued at $167,000 after buying an additional 815 shares in the last quarter. KBC Group NV raised its holdings in shares of Banco Santander-Chile by 88.9% during the 4th quarter. KBC Group NV now owns 12,788 shares of the bank’s stock valued at $249,000 after buying an additional 6,017 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Banco Santander-Chile by 6.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 12,957 shares of the bank’s stock valued at $253,000 after buying an additional 826 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Banco Santander-Chile by 32.3% during the 2nd quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock valued at $258,000 after buying an additional 3,179 shares in the last quarter. Hedge funds and other institutional investors 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.