Natixis Advisors LLC Purchases Shares of 10,195 Banco Santander-Chile (NYSE:BSAC)

Natixis Advisors LLC purchased a new stake in Banco Santander-Chile (NYSE:BSAC) in the 3rd quarter, Holdings Channel reports. The firm purchased 10,195 shares of the bank’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BSAC. DNB Asset Management AS grew its holdings in Banco Santander-Chile by 35.8% in the 2nd quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock valued at $3,140,000 after buying an additional 43,949 shares during the period. Cardinal Capital Management grew its holdings in shares of Banco Santander-Chile by 4.3% during the 2nd quarter. Cardinal Capital Management now owns 97,762 shares of the bank’s stock worth $1,841,000 after purchasing an additional 3,994 shares during the period. Blue Trust Inc. grew its holdings in shares of Banco Santander-Chile by 32.3% during the 2nd quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock worth $258,000 after purchasing an additional 3,179 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Banco Santander-Chile by 0.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock worth $53,228,000 after purchasing an additional 23,000 shares during the period. Finally, RWC Asset Management LLP grew its holdings in shares of Banco Santander-Chile by 60.5% during the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock worth $14,999,000 after purchasing an additional 300,257 shares during the period. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Stock Performance

BSAC opened at $18.97 on Friday. The firm has a market capitalization of $8.94 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.39 and a beta of 0.87. The firm’s 50 day moving average is $19.87 and its 200-day moving average is $19.77. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.60. Banco Santander-Chile has a 52-week low of $17.73 and a 52-week high of $21.43.

Analyst Ratings Changes

BSAC has been the subject of a number of research reports. The Goldman Sachs Group upgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $21.00 in a report on Tuesday, August 20th. StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.50.

Banco Santander-Chile 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.