US Bancorp DE Sells 7,446 Shares of Banco Santander-Chile (NYSE:BSAC)

US Bancorp DE reduced its position in shares of Banco Santander-Chile (NYSE:BSAC) by 68.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,408 shares of the bank’s stock after selling 7,446 shares during the period. US Bancorp DE’s holdings in Banco Santander-Chile were worth $71,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BSAC. Ballentine Partners LLC purchased a new stake in Banco Santander-Chile in the 2nd quarter valued at about $195,000. Blue Trust Inc. grew its holdings in shares of Banco Santander-Chile by 32.3% in the second quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock valued at $258,000 after acquiring an additional 3,179 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Banco Santander-Chile during the second quarter valued at approximately $248,000. Vanguard Personalized Indexing Management LLC lifted its holdings 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 acquiring an additional 4,515 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Banco Santander-Chile during the first quarter worth $929,000. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BSAC has been the subject of several research analyst reports. StockNews.com raised Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Berenberg Bank upgraded shares of Banco Santander-Chile to a “hold” rating in a report on Tuesday, July 30th. Finally, 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 stock from $18.00 to $21.00 in a research report on Tuesday, August 20th. Four research 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 has an average rating of “Hold” and a consensus target price of $21.50.

Banco Santander-Chile Stock Performance

NYSE:BSAC opened at $19.26 on Friday. The company has a market capitalization of $9.07 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.40 and a beta of 0.87. The business has a fifty day simple moving average of $20.07 and a two-hundred day simple moving average of $19.73. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.82 and a quick ratio of 1.82. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $21.43.

Banco Santander-Chile Company Profile

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.