Banco Santander-Chile (NYSE:BSAC) Stock Price Passes Below Fifty Day Moving Average - What's Next?

Banco Santander-Chile (NYSE:BSAC - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.48 and traded as low as $18.81. Banco Santander-Chile shares last traded at $18.96, with a volume of 258,211 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered shares of Banco Santander-Chile from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $22.00 to $21.00 in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $21.33.

Banco Santander-Chile Trading Up 0.2 %

The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 0.41 and a beta of 0.87. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. The business has a 50-day moving average of $19.45 and a 200-day moving average of $19.72.

Hedge Funds Weigh In On Banco Santander-Chile

Hedge funds and other institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC acquired a new stake in Banco Santander-Chile in the third quarter valued at $212,000. Ballentine Partners LLC acquired a new stake in Banco Santander-Chile in the 2nd quarter valued at about $195,000. Frank Rimerman Advisors LLC bought a new position in Banco Santander-Chile during the second quarter worth about $248,000. Blue Trust Inc. increased its position in Banco Santander-Chile by 27.4% during the third quarter. Blue Trust Inc. now owns 16,584 shares of the bank's stock worth $344,000 after buying an additional 3,563 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Banco Santander-Chile by 30.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank's stock worth $366,000 after buying an additional 4,515 shares during the last quarter. 6.42% of the stock is owned by institutional investors.

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.