Banco Santander-Chile (NYSE:BSAC) Stock Price Crosses Above 50 Day Moving Average of $18.01

Shares of Banco Santander-Chile (NYSE:BSAC) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.01 and traded as high as $19.12. Banco Santander-Chile shares last traded at $19.02, with a volume of 202,760 shares traded.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Banco Santander-Chile from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, August 10th. Bank of America upgraded Banco Santander-Chile from an “underperform” rating to a “buy” rating and reduced their price objective for the stock from $22.00 to $20.00 in a research report on Thursday, November 2nd. Jefferies Financial Group initiated coverage on Banco Santander-Chile in a report on Monday, October 16th. They set a “hold” rating and a $18.90 price target on the stock. Finally, StockNews.com downgraded shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.97.

Banco Santander-Chile Stock Up 1.8 %

The stock has a 50-day moving average price of $18.01 and a 200-day moving average price of $18.78. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $8.96 billion, a P/E ratio of 17.45, a P/E/G ratio of 7.96 and a beta of 0.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its holdings in Banco Santander-Chile by 105.7% in the first quarter. FMR LLC now owns 1,563 shares of the bank’s stock valued at $28,000 after buying an additional 803 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Banco Santander-Chile during the 2nd quarter valued at about $40,000. Ronald Blue Trust Inc. grew its stake in Banco Santander-Chile by 54.2% during the second quarter. Ronald Blue Trust Inc. now owns 2,682 shares of the bank’s stock worth $48,000 after purchasing an additional 943 shares during the period. BNP Paribas Arbitrage SNC grew its stake in Banco Santander-Chile by 4,603.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 2,963 shares of the bank’s stock worth $42,000 after purchasing an additional 2,900 shares during the period. Finally, Belpointe Asset Management LLC bought a new stake in Banco Santander-Chile in the first quarter worth approximately $78,000. Institutional investors and hedge funds own 8.74% of the company’s stock.

Banco Santander-Chile Company Profile

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.