Banco Santander-Chile (NYSE:BSAC) Sees Large Increase in Short Interest

Banco Santander-Chile (NYSE:BSAC) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 313,700 shares, a growth of 11.0% from the October 31st total of 282,700 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 278,300 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. The Goldman Sachs Group upgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and upped their price objective for the company from $18.00 to $21.00 in a research note on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.50.

Banco Santander-Chile Stock Performance

NYSE:BSAC traded up $0.16 during mid-day trading on Monday, reaching $19.13. 267,738 shares of the company’s stock were exchanged, compared to its average volume of 287,530. The business’s fifty day simple moving average is $19.87 and its two-hundred day simple moving average is $19.77. 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 quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $9.01 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.39 and a beta of 0.87.

Institutional Investors Weigh In On Banco Santander-Chile

Large investors have recently modified their holdings of the business. DNB Asset Management AS grew its holdings in shares of Banco Santander-Chile by 35.8% during the 2nd quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock valued at $3,140,000 after purchasing an additional 43,949 shares during the last quarter. Cardinal Capital Management boosted its stake in shares of Banco Santander-Chile by 4.3% in the 2nd quarter. Cardinal Capital Management now owns 97,762 shares of the bank’s stock valued at $1,841,000 after purchasing an additional 3,994 shares during the last quarter. Blue Trust Inc. raised its position 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 worth $258,000 after acquiring an additional 3,179 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Banco Santander-Chile by 0.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock worth $53,228,000 after buying an additional 23,000 shares in the last quarter. Finally, RWC Asset Management LLP grew its holdings in 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. Institutional investors and hedge funds own 6.42% of the company’s stock.

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.