Shares of Banco Santander-Chile (NYSE:BSAC) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $28.37 and traded as low as $29.03. Banco Santander-Chile shares last traded at $29.21, with a volume of 2,671 shares traded.
A number of analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of Banco Santander-Chile from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $34.00 to $32.00 in a research note on Thursday, March 14th. Zacks Investment Research cut shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th.
The company has a market capitalization of $13.74 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.30 and a beta of 0.61. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.75 and a current ratio of 1.75.
Institutional investors and hedge funds have recently bought and sold shares of the business. Stevens Capital Management LP purchased a new position in Banco Santander-Chile during the 1st quarter worth approximately $731,000. Millennium Management LLC raised its position in Banco Santander-Chile by 301.1% during the 4th quarter. Millennium Management LLC now owns 152,849 shares of the bank’s stock worth $4,570,000 after buying an additional 114,745 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Banco Santander-Chile by 88.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 77,903 shares of the bank’s stock worth $2,329,000 after buying an additional 36,543 shares during the last quarter. New York State Common Retirement Fund purchased a new position in Banco Santander-Chile during the 4th quarter worth approximately $4,602,000. Finally, Commonwealth Bank of Australia raised its position in Banco Santander-Chile by 5.0% during the 1st quarter. Commonwealth Bank of Australia now owns 59,222 shares of the bank’s stock worth $1,758,000 after buying an additional 2,800 shares during the last quarter. 13.12% of the stock is owned by institutional investors.
Banco Santander-Chile Company Profile (NYSE:BSAC)
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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