Banco Santander-Chile (NYSE:BSAC) Stock Price Passes Below Fifty Day Moving Average of $16.91

Banco Santander-Chile (NYSE:BSACGet Rating) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.91 and traded as low as $14.93. Banco Santander-Chile shares last traded at $15.21, with a volume of 651,992 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Friday, May 20th. Itau BBA Securities cut shares of Banco Santander-Chile from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a report on Tuesday, June 7th. Itaú Unibanco cut shares of Banco Santander-Chile from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a report on Tuesday, June 7th. Finally, UBS Group raised shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and set a $17.00 price target for the company in a report on Thursday, June 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Banco Santander-Chile currently has a consensus rating of “Hold” and a consensus target price of $21.60.

Banco Santander-Chile Price Performance

The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 3.89. The company has a fifty day simple moving average of $16.91 and a two-hundred day simple moving average of $19.12. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 1.62 and a beta of 0.70.

Institutional Trading of Banco Santander-Chile

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new position in Banco Santander-Chile during the second quarter worth about $295,000. SG Americas Securities LLC acquired a new stake in Banco Santander-Chile during the second quarter worth about $217,000. Crossmark Global Holdings Inc. increased its stake in Banco Santander-Chile by 16.1% during the second quarter. Crossmark Global Holdings Inc. now owns 17,884 shares of the bank’s stock worth $291,000 after acquiring an additional 2,474 shares during the last quarter. Henry James International Management Inc. increased its stake in Banco Santander-Chile by 12.5% during the second quarter. Henry James International Management Inc. now owns 26,153 shares of the bank’s stock worth $426,000 after acquiring an additional 2,914 shares during the last quarter. Finally, Veriti Management LLC increased its stake in Banco Santander-Chile by 120.3% during the second quarter. Veriti Management LLC now owns 87,272 shares of the bank’s stock worth $1,422,000 after acquiring an additional 47,650 shares during the last quarter. 10.65% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Santander-Chile

(Get Rating)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and 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.

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