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

StockNews.com upgraded shares of Banco Santander-Chile (NYSE:BSAC) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

BSAC has been the topic of a number of other reports. Berenberg Bank raised shares of Banco Santander-Chile to a hold rating in a research note on Tuesday, July 30th. 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 on the stock in a research report on Wednesday, June 12th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Banco Santander-Chile presently has a consensus rating of Hold and an average price target of $20.48.

Banco Santander-Chile Stock Performance

Shares of Banco Santander-Chile stock opened at $19.44 on Monday. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.86 and a current ratio of 1.83. The business’s 50 day moving average price is $19.36 and its 200 day moving average price is $19.24. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 0.41 and a beta of 0.86. Banco Santander-Chile has a one year low of $16.89 and a one year high of $21.19.

Hedge Funds Weigh In On Banco Santander-Chile

Several hedge funds have recently bought and sold shares of BSAC. Parallel Advisors LLC increased its stake in Banco Santander-Chile by 115.5% during the fourth quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock worth $33,000 after purchasing an additional 902 shares during the period. PNC Financial Services Group Inc. increased its stake in 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 worth $167,000 after buying an additional 815 shares during the period. Ballentine Partners LLC acquired a new stake in Banco Santander-Chile during the 2nd quarter worth approximately $195,000. KBC Group NV boosted its position in Banco Santander-Chile by 88.9% in 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 during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Banco Santander-Chile by 6.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 12,957 shares of the bank’s stock worth $253,000 after acquiring an additional 826 shares in the last quarter. 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.