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

Natixis Advisors LLC bought a new stake in Banco Santander-Chile (NYSE:BSAC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,195 shares of the bank’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DNB Asset Management AS raised its stake in shares of Banco Santander-Chile by 35.8% during the 2nd 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 last quarter. Cardinal Capital Management raised its stake 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 buying an additional 3,994 shares during the last quarter. Blue Trust Inc. raised its stake 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 buying an additional 3,179 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 buying an additional 23,000 shares during the last quarter. Finally, RWC Asset Management LLP raised its stake 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 buying an additional 300,257 shares during the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander-Chile Price Performance

BSAC opened at $18.97 on Friday. 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 stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.39 and a beta of 0.87. The business has a 50-day moving average of $19.87 and a two-hundred day moving average of $19.77. Banco Santander-Chile has a 12 month low of $17.73 and a 12 month high of $21.43.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BSAC. The Goldman Sachs Group upgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $21.00 in a research report on Tuesday, August 20th. StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.50.

About Banco Santander-Chile

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.