Banco Santander-Chile (NYSE:BSAC) Short Interest Update

Banco Santander-Chile (NYSE:BSAC - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 394,400 shares, a growth of 15.0% from the September 30th total of 342,900 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 268,000 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds Weigh In On Banco Santander-Chile

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in Banco Santander-Chile by 0.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank's stock valued at $53,228,000 after acquiring an additional 23,000 shares in the last quarter. abrdn plc grew its position in shares of Banco Santander-Chile by 76.4% during the 3rd quarter. abrdn plc now owns 861,295 shares of the bank's stock valued at $18,036,000 after purchasing an additional 372,936 shares in the last quarter. RWC Asset Management LLP increased its holdings in shares of Banco Santander-Chile by 60.5% in the second quarter. RWC Asset Management LLP now owns 796,552 shares of the bank's stock worth $14,999,000 after purchasing an additional 300,257 shares during the period. AGF Management Ltd. raised its position in shares of Banco Santander-Chile by 6.5% in the second quarter. AGF Management Ltd. now owns 402,781 shares of the bank's stock worth $7,584,000 after buying an additional 24,697 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Banco Santander-Chile by 0.5% in the second quarter. Sei Investments Co. now owns 328,744 shares of the bank's stock worth $6,190,000 after buying an additional 1,553 shares in the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Banco Santander-Chile from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. The Goldman Sachs Group raised shares of Banco Santander-Chile from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $18.00 to $21.00 in a report on Tuesday, August 20th. Finally, Berenberg Bank raised Banco Santander-Chile to a "hold" rating in a report on Tuesday, July 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.00.

Banco Santander-Chile Stock Performance

Shares of BSAC traded down $0.78 during trading hours on Tuesday, hitting $19.83. The company's stock had a trading volume of 333,550 shares, compared to its average volume of 288,860. The business has a 50 day simple moving average of $20.33 and a two-hundred day simple moving average of $19.62. Banco Santander-Chile has a 52-week low of $16.89 and a 52-week 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 company has a market cap of $9.34 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 0.42 and a beta of 0.86.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The bank reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). Banco Santander-Chile had a net margin of 11.84% and a return on equity of 11.87%. The business had revenue of $599.94 million during the quarter, compared to analysts' expectations of $693.44 million. On average, equities analysts expect that Banco Santander-Chile will post 1.84 earnings per share for the current fiscal year.

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.