B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 22,190 Banco Santander-Chile (NYSE:BSAC)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Banco Santander-Chile (NYSE:BSAC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,190 shares of the bank’s stock, valued at approximately $461,000.

A number of other institutional investors have also modified their holdings of the company. DNB Asset Management AS lifted its position in Banco Santander-Chile by 35.8% during the second quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock valued at $3,140,000 after acquiring an additional 43,949 shares during the last quarter. AGF Management Ltd. boosted its position in shares of Banco Santander-Chile by 6.5% in the 2nd quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock worth $7,584,000 after purchasing an additional 24,697 shares in the last quarter. Itau Unibanco Holding S.A. boosted its position in shares of Banco Santander-Chile by 900.5% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 165,285 shares of the bank’s stock worth $3,107,000 after purchasing an additional 148,764 shares in the last quarter. RWC Asset Management LLP grew its stake in Banco Santander-Chile by 60.5% during the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock worth $14,999,000 after buying an additional 300,257 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in 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 valued at $53,228,000 after buying an additional 23,000 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors.

Banco Santander-Chile Price Performance

Shares of NYSE BSAC opened at $18.96 on Monday. 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 fifty day moving average of $20.00 and a 200 day moving average of $19.77. The firm has a market cap of $8.93 billion, a PE ratio of 10.77, a PEG ratio of 0.40 and a beta of 0.87. Banco Santander-Chile has a one year low of $17.73 and a one year high of $21.43.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BSAC shares. StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. The Goldman Sachs Group upgraded shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and upped their price target for the company from $18.00 to $21.00 in a research note on Tuesday, August 20th. Finally, Berenberg Bank upgraded shares of Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Banco Santander-Chile currently has an average rating of “Hold” and an average price target of $21.50.

Banco Santander-Chile 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.