Zacks Investment Research downgraded shares of Banco Santander-Chile (NYSE:BSAC) from a hold rating to a sell rating in a report issued on Wednesday.
According to Zacks, “Banco Santiago is the largest bank in Chile, in terms of assets with Ch$4,088 billion (approximately US$9.86 billion ) as of March 31, 1997. The bank is the result of the merger of two of the largest institutions in the Chilean banking system, Banco O’Higgins S.A., mainly a corporate bank, and Banco de Santiago S.A., mainly focused in consumer and middle-market lending. “
Separately, ValuEngine raised shares of Banco Santander-Chile from a hold rating to a buy rating in a research report on Tuesday, November 20th.
NYSE BSAC opened at $31.37 on Wednesday. Banco Santander-Chile has a 12-month low of $28.67 and a 12-month high of $35.09. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $15.29 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75.
A number of large investors have recently modified their holdings of the business. Schroder Investment Management Group lifted its stake in Banco Santander-Chile by 27.5% during the 3rd quarter. Schroder Investment Management Group now owns 5,199,611 shares of the bank’s stock valued at $166,283,000 after acquiring an additional 1,121,611 shares in the last quarter. AQR Capital Management LLC lifted its stake in Banco Santander-Chile by 21.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,970,962 shares of the bank’s stock valued at $95,011,000 after acquiring an additional 521,297 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Banco Santander-Chile by 6.8% during the 3rd quarter. William Blair Investment Management LLC now owns 1,707,427 shares of the bank’s stock valued at $54,604,000 after acquiring an additional 108,195 shares in the last quarter. FMR LLC raised its stake in shares of Banco Santander-Chile by 8.8% during the 4th quarter. FMR LLC now owns 1,689,417 shares of the bank’s stock worth $50,513,000 after purchasing an additional 136,031 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Banco Santander-Chile by 13.4% during the 3rd quarter. BlackRock Inc. now owns 1,255,310 shares of the bank’s stock worth $40,144,000 after purchasing an additional 148,171 shares during the period. Institutional investors and hedge funds own 13.09% of the company’s stock.
About Banco Santander-Chile
Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.
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