Banco Santander-Chile (NYSE:BSAC) Sees Significant Growth in Short Interest

Banco Santander-Chile (NYSE:BSACGet Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 608,200 shares, a growth of 6.4% from the February 29th total of 571,800 shares. Based on an average trading volume of 283,100 shares, the short-interest ratio is currently 2.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Banco Santander-Chile

Several institutional investors have recently added to or reduced their stakes in BSAC. Price T Rowe Associates Inc. MD lifted its position in Banco Santander-Chile by 1,552.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,267,896 shares of the bank’s stock valued at $99,284,000 after acquiring an additional 5,888,617 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Banco Santander-Chile by 970.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,813,883 shares of the bank’s stock valued at $32,342,000 after acquiring an additional 1,644,425 shares in the last quarter. INCA Investments LLC lifted its position in Banco Santander-Chile by 50.2% in the 1st quarter. INCA Investments LLC now owns 1,781,000 shares of the bank’s stock valued at $40,233,000 after acquiring an additional 595,421 shares in the last quarter. BlackRock Inc. lifted its position in Banco Santander-Chile by 23.4% in the 3rd quarter. BlackRock Inc. now owns 2,782,526 shares of the bank’s stock valued at $38,983,000 after acquiring an additional 527,872 shares in the last quarter. Finally, AGF Management Ltd. bought a new stake in Banco Santander-Chile in the 4th quarter valued at $7,991,000. 6.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BSAC. StockNews.com cut shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Friday, March 29th. HSBC cut shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.97.

Check Out Our Latest Research Report on BSAC

Banco Santander-Chile Trading Up 0.4 %

Shares of NYSE BSAC opened at $20.41 on Thursday. The company’s fifty day moving average is $19.33 and its 200-day moving average is $18.85. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 0.40 and a beta of 0.82. Banco Santander-Chile has a twelve month low of $16.89 and a twelve month high of $21.81. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 3.44.

Banco Santander-Chile (NYSE:BSACGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $621.60 million for the quarter, compared to analysts’ expectations of $609.98 million. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. Equities research analysts predict that Banco Santander-Chile will post 1.84 EPS for the current year.

About Banco Santander-Chile

(Get Free Report)

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.

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