NS Partners Ltd Lowers Position in Banco Santander-Chile (NYSE:BSAC)

NS Partners Ltd lessened its holdings in Banco Santander-Chile (NYSE:BSAC - Free Report) by 40.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 247,921 shares of the bank's stock after selling 165,682 shares during the period. NS Partners Ltd owned 0.05% of Banco Santander-Chile worth $5,147,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Natixis Advisors LLC acquired a new stake in Banco Santander-Chile during the 3rd quarter worth $212,000. Ballentine Partners LLC purchased a new position in shares of Banco Santander-Chile in the second quarter worth approximately $195,000. Blue Trust Inc. lifted its stake in shares of Banco Santander-Chile by 32.3% in the 2nd quarter. Blue Trust Inc. now owns 13,021 shares of the bank's stock valued at $258,000 after purchasing an additional 3,179 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Banco Santander-Chile in the 2nd quarter worth $248,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake 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 in the last quarter. Institutional investors own 6.42% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BSAC shares. The Goldman Sachs Group raised Banco Santander-Chile from a "sell" rating to a "neutral" rating and boosted their price target for the company from $18.00 to $21.00 in a research note on Tuesday, August 20th. Berenberg Bank raised shares of Banco Santander-Chile to a "hold" rating in a research note on Tuesday, July 30th. Finally, StockNews.com upgraded Banco Santander-Chile from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $21.50.

Banco Santander-Chile Stock Performance

Banco Santander-Chile stock traded up $0.25 during trading hours on Wednesday, hitting $19.52. The company had a trading volume of 215,966 shares, compared to its average volume of 284,907. Banco Santander-Chile has a one year low of $17.73 and a one year high of $21.43. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a 50-day moving average of $20.06 and a 200 day moving average of $19.76. The firm has a market cap of $9.20 billion, a PE ratio of 10.95, a PEG ratio of 0.40 and a beta of 0.87.

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.