Banco Santander Chile (NYSE:BSAC) Short Interest Update

Banco Santander Chile (NYSE:BSAC) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 408,701 shares, a decrease of 17.4% from the November 30th total of 494,748 shares. Based on an average daily volume of 268,639 shares, the short-interest ratio is presently 1.5 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 268,639 shares, the short-interest ratio is presently 1.5 days.

Hedge Funds Weigh In On Banco Santander Chile

Several institutional investors and hedge funds have recently modified their holdings of BSAC. TT International Asset Management LTD purchased a new position in shares of Banco Santander Chile in the 3rd quarter worth about $24,685,000. Robeco Institutional Asset Management B.V. raised its holdings in Banco Santander Chile by 200.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 832,647 shares of the bank’s stock worth $22,065,000 after buying an additional 555,919 shares during the last quarter. INCA Investments LLC lifted its stake in shares of Banco Santander Chile by 36.4% in the third quarter. INCA Investments LLC now owns 715,192 shares of the bank’s stock worth $18,953,000 after buying an additional 191,014 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Banco Santander Chile by 120.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 254,585 shares of the bank’s stock valued at $6,747,000 after buying an additional 139,015 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Banco Santander Chile during the first quarter valued at approximately $2,990,000. 6.42% of the stock is currently owned by institutional investors.

Banco Santander Chile Trading Down 0.9%

NYSE BSAC traded down $0.27 during trading on Wednesday, hitting $31.07. 121,881 shares of the company’s stock traded hands, compared to its average volume of 335,512. The firm has a market cap of $14.64 billion, a P/E ratio of 13.39, a PEG ratio of 0.78 and a beta of 0.58. The stock has a fifty day moving average of $29.82 and a two-hundred day moving average of $26.63. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.84 and a quick ratio of 1.84. Banco Santander Chile has a 12-month low of $18.19 and a 12-month high of $31.67.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings results on Monday, November 17th. The bank reported $0.99 earnings per share for the quarter. Banco Santander Chile had a net margin of 24.74% and a return on equity of 22.18%. The business had revenue of $740.10 million during the quarter. As a group, sell-side analysts expect that Banco Santander Chile will post 2.07 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on BSAC shares. JPMorgan Chase & Co. raised their price objective on shares of Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Wall Street Zen downgraded shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. Citigroup downgraded Banco Santander Chile from a “buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, UBS Group increased their price objective on Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $27.67.

Banco Santander Chile Company Profile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.