Banco Santander-Chile (NYSE:BSAC) Shares Acquired by DNB Asset Management AS

DNB Asset Management AS boosted its position in shares of Banco Santander-Chile (NYSE:BSAC) by 35.8% in the second quarter, Holdings Channel.com reports. The firm owned 166,763 shares of the bank’s stock after acquiring an additional 43,949 shares during the period. DNB Asset Management AS’s holdings in Banco Santander-Chile were worth $3,140,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Banco BTG Pactual S.A. acquired a new stake in Banco Santander-Chile during the 1st quarter valued at $285,000. Orion Portfolio Solutions LLC boosted its stake in Banco Santander-Chile by 2.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 50,862 shares of the bank’s stock valued at $1,009,000 after acquiring an additional 1,182 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Banco Santander-Chile during the 1st quarter valued at $929,000. Henry James International Management Inc. boosted its stake in Banco Santander-Chile by 35.5% during the 1st quarter. Henry James International Management Inc. now owns 66,857 shares of the bank’s stock valued at $1,326,000 after acquiring an additional 17,503 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Banco Santander-Chile by 8.4% during the 1st quarter. Sei Investments Co. now owns 327,191 shares of the bank’s stock valued at $6,488,000 after acquiring an additional 25,237 shares during the last quarter. 6.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on BSAC shares. Berenberg Bank upgraded shares of Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th. StockNews.com upgraded shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Itau BBA Securities upgraded shares of Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Wednesday, June 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.48.

Banco Santander-Chile Trading Up 1.9 %

Banco Santander-Chile stock opened at $19.55 on Wednesday. The firm’s 50-day moving average is $19.35 and its 200-day moving average is $19.24. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.86 and a current ratio of 1.83. Banco Santander-Chile has a 1 year low of $16.89 and a 1 year high of $21.19. The company has a market cap of $9.21 billion, a P/E ratio of 16.42, a PEG ratio of 0.41 and a beta of 0.86.

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.