Banco Santander-Chile (NYSE:BSAC) Sees Large Increase in Short Interest

Banco Santander-Chile (NYSE:BSAC) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 609,900 shares, an increase of 94.4% from the November 15th total of 313,700 shares. Based on an average daily volume of 286,900 shares, the short-interest ratio is presently 2.1 days. Currently, 0.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and boosted their target price for the company from $18.00 to $21.00 in a research note on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.50.

Banco Santander-Chile Stock Down 1.2 %

Banco Santander-Chile stock traded down $0.23 during trading hours on Friday, reaching $19.45. The stock had a trading volume of 122,443 shares, compared to its average volume of 283,179. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.41 and a beta of 0.87. The business’s 50 day moving average price is $19.65 and its 200-day moving average price is $19.73. Banco Santander-Chile has a 52 week low of $17.73 and a 52 week high of $21.43. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79.

Institutional Investors Weigh In On Banco Santander-Chile

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of Banco Santander-Chile by 32.3% during the second quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock valued at $258,000 after buying an additional 3,179 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Banco Santander-Chile by 0.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock valued at $53,228,000 after purchasing an additional 23,000 shares during the period. RWC Asset Management LLP raised its stake in shares of Banco Santander-Chile by 60.5% in the second 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 last quarter. Ballentine Partners LLC acquired a new stake in shares of Banco Santander-Chile during the second quarter worth about $195,000. Finally, AGF Management Ltd. boosted its position in 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 during the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

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.