Banco Santander Chile (NYSE:BSAC) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Friday.

Several other equities analysts have also recently commented on BSAC. BidaskClub upgraded Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Scotia Howard Weill raised Banco Santander Chile from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 25th. UBS lowered shares of Banco Santander Chile from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $24.00 to $27.00 in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research downgraded shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Banco Santander Chile currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Shares of Banco Santander Chile (NYSE BSAC) traded down $0.56 on Friday, reaching $27.47. 553,600 shares of the company’s stock were exchanged, compared to its average volume of 446,053. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.75. Banco Santander Chile has a one year low of $21.06 and a one year high of $32.02. The firm has a market capitalization of $12,970.00, a PE ratio of 16.41, a P/E/G ratio of 1.43 and a beta of 0.75.

Hedge funds have recently modified their holdings of the company. USS Investment Management Ltd raised its position in shares of Banco Santander Chile by 35,227.8% in the 1st quarter. USS Investment Management Ltd now owns 526,869,600 shares of the bank’s stock worth $25,325,000 after acquiring an additional 525,378,226 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its holdings in Banco Santander Chile by 1.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 23,294,310 shares of the bank’s stock valued at $591,908,000 after purchasing an additional 290,600 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Banco Santander Chile by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 9,924,349 shares of the bank’s stock valued at $248,904,000 after purchasing an additional 940,607 shares during the last quarter. Harding Loevner LP boosted its stake in shares of Banco Santander Chile by 1.1% during the 3rd quarter. Harding Loevner LP now owns 6,297,156 shares of the bank’s stock worth $187,089,000 after acquiring an additional 68,850 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Banco Santander Chile by 0.4% during the 4th quarter. Schroder Investment Management Group now owns 4,329,997 shares of the bank’s stock worth $76,381,000 after acquiring an additional 18,404 shares in the last quarter. 21.75% of the stock is currently owned by hedge funds and other institutional investors.

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Banco Santander Chile Company Profile

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.

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