Public Employees Retirement System of Ohio Takes $1.72 Million Position in Banco Santander-Chile (NYSE:BSAC)

Public Employees Retirement System of Ohio acquired a new position in Banco Santander-Chile (NYSE:BSAC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 83,054 shares of the bank's stock, valued at approximately $1,724,000.

Several other institutional investors have also modified their holdings of the company. Natixis Advisors LLC bought a new stake in Banco Santander-Chile during the third quarter worth approximately $212,000. Ballentine Partners LLC acquired a new position in shares of Banco Santander-Chile in the 2nd quarter worth $195,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Banco Santander-Chile during the second quarter worth $248,000. Blue Trust Inc. lifted its holdings in shares of Banco Santander-Chile by 27.4% during the third quarter. Blue Trust Inc. now owns 16,584 shares of the bank's stock valued at $344,000 after purchasing an additional 3,563 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Banco Santander-Chile by 30.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank's stock valued at $366,000 after purchasing an additional 4,515 shares during the period. Institutional investors and hedge funds own 6.42% of the company's stock.

Banco Santander-Chile Stock Up 1.2 %

Shares of Banco Santander-Chile stock traded up $0.22 during midday trading on Thursday, hitting $18.82. The company's stock had a trading volume of 226,429 shares, compared to its average volume of 282,523. Banco Santander-Chile has a 1-year low of $17.73 and a 1-year high of $21.43. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $8.87 billion, a P/E ratio of 10.69, a PEG ratio of 0.41 and a beta of 0.87. The stock has a 50-day simple moving average of $19.61 and a 200-day simple moving average of $19.73.

Analysts Set New Price Targets

Separately, Bank of America downgraded Banco Santander-Chile from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $22.00 to $21.00 in a report on Monday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $21.33.

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.