Banco Santander-Chile (NYSE:BSAC) Shares Sold by NS Partners Ltd

NS Partners Ltd cut its stake in shares of Banco Santander-Chile (NYSE:BSAC) by 40.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 247,921 shares of the bank’s stock after selling 165,682 shares during the quarter. NS Partners Ltd owned about 0.05% of Banco Santander-Chile worth $5,147,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Banco Santander-Chile during the 3rd quarter worth approximately $461,000. Natixis Advisors LLC purchased a new stake in Banco Santander-Chile during the third quarter worth $212,000. abrdn plc grew its holdings in Banco Santander-Chile by 76.4% in the third quarter. abrdn plc now owns 861,295 shares of the bank’s stock valued at $18,036,000 after purchasing an additional 372,936 shares during the last quarter. Blue Trust Inc. increased its position in shares of Banco Santander-Chile by 27.4% in the third quarter. Blue Trust Inc. now owns 16,584 shares of the bank’s stock valued at $344,000 after buying an additional 3,563 shares in the last quarter. Finally, Cardinal Capital Management increased its position in shares of Banco Santander-Chile by 1.2% in the third quarter. Cardinal Capital Management now owns 98,907 shares of the bank’s stock valued at $2,053,000 after buying an additional 1,145 shares in the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Berenberg Bank raised shares of Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th. StockNews.com upgraded shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group raised shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $18.00 to $21.00 in a research note on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Banco Santander-Chile has a consensus rating of “Hold” and a consensus price target of $21.50.

Banco Santander-Chile Stock Up 0.1 %

BSAC opened at $19.27 on Wednesday. The business’s fifty day simple moving average is $20.06 and its 200 day simple moving average is $19.76. Banco Santander-Chile has a 52 week low of $17.73 and a 52 week high of $21.43. The firm has a market cap of $9.08 billion, a P/E ratio of 10.95, a PEG ratio of 0.40 and a beta of 0.87. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.60.

About Banco Santander-Chile

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.