22,190 Shares in Banco Santander-Chile (NYSE:BSAC) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Banco Santander-Chile (NYSE:BSAC) during the third quarter, Holdings Channel.com reports. The institutional investor bought 22,190 shares of the bank’s stock, valued at approximately $461,000.

Several other hedge funds also recently bought and sold shares of the stock. abrdn plc lifted its holdings in shares of Banco Santander-Chile by 76.4% in the 3rd quarter. abrdn plc now owns 861,295 shares of the bank’s stock worth $18,036,000 after acquiring an additional 372,936 shares during the last quarter. RWC Asset Management LLP raised its position in Banco Santander-Chile by 60.5% in the second quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock valued at $14,999,000 after purchasing an additional 300,257 shares during the period. Itau Unibanco Holding S.A. lifted its stake in Banco Santander-Chile by 900.5% during the second quarter. Itau Unibanco Holding S.A. now owns 165,285 shares of the bank’s stock worth $3,107,000 after purchasing an additional 148,764 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Banco Santander-Chile by 35.8% during the second quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock worth $3,140,000 after buying an additional 43,949 shares during the period. Finally, AGF Management Ltd. grew its stake in shares of Banco Santander-Chile by 6.5% in the second quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock valued at $7,584,000 after buying an additional 24,697 shares in the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BSAC. Berenberg Bank upgraded Banco Santander-Chile to a “hold” rating in a report on Tuesday, July 30th. 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 company from $18.00 to $21.00 in a research note on Tuesday, August 20th. Finally, StockNews.com raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.50.

Banco Santander-Chile Price Performance

BSAC stock opened at $18.96 on Monday. The business’s 50-day moving average is $20.00 and its two-hundred day moving average is $19.77. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market capitalization of $8.93 billion, a P/E ratio of 10.77, a P/E/G ratio of 0.40 and a beta of 0.87. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $21.43.

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.