Banco Santander-Chile (NYSE:BSAC) Stock Position Lifted by abrdn plc

abrdn plc lifted its position in Banco Santander-Chile (NYSE:BSAC - Free Report) by 76.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 861,295 shares of the bank's stock after buying an additional 372,936 shares during the quarter. abrdn plc owned approximately 0.18% of Banco Santander-Chile worth $18,036,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of 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. RWC Asset Management LLP lifted its stake in shares of Banco Santander-Chile by 60.5% in the 2nd 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. grew its position in shares of Banco Santander-Chile by 6.5% during the 2nd quarter. AGF Management Ltd. now owns 402,781 shares of the bank's stock valued at $7,584,000 after acquiring an additional 24,697 shares during the period. Sei Investments Co. raised its stake 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 during the period. Finally, DNB Asset Management AS raised its stake in Banco Santander-Chile by 35.8% during the 2nd quarter. DNB Asset Management AS now owns 166,763 shares of the bank's stock worth $3,140,000 after acquiring an additional 43,949 shares during the period. 6.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Banco Santander-Chile Stock Performance

NYSE:BSAC traded down $0.08 during midday trading on Friday, reaching $19.46. The stock had a trading volume of 286,247 shares, compared to its average volume of 288,975. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.60. Banco Santander-Chile has a 12-month low of $17.58 and a 12-month high of $21.43. The stock has a market cap of $9.17 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.41 and a beta of 0.86. The firm has a fifty day simple moving average of $20.28 and a two-hundred day simple moving average of $19.62.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The bank reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). Banco Santander-Chile had a net margin of 16.24% and a return on equity of 15.50%. The company had revenue of $599.94 million for the quarter, compared to analyst estimates of $693.44 million. On average, equities analysts expect that Banco Santander-Chile will post 1.84 EPS for the current 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.