JPMorgan Chase & Co. lowered shares of Banco Santander-Chile (NYSE:BSAC) from an overweight rating to a neutral rating in a research report released on Thursday, Marketbeat Ratings reports. The brokerage currently has $32.00 price objective on the bank’s stock, down from their previous price objective of $34.00.

Other research analysts have also issued research reports about the stock. ValuEngine lowered shares of Banco Santander-Chile from a buy rating to a hold rating in a research report on Thursday, February 7th. Zacks Investment Research raised shares of Banco Santander-Chile from a sell rating to a hold rating in a research report on Thursday, January 3rd.

Shares of BSAC opened at $31.05 on Thursday. The stock has a market cap of $14.63 billion, a PE ratio of 17.25, a P/E/G ratio of 1.13 and a beta of 0.69. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.72 and a quick ratio of 1.76. Banco Santander-Chile has a 52 week low of $28.67 and a 52 week high of $35.09.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in Banco Santander-Chile by 13.4% in the third quarter. BlackRock Inc. now owns 1,255,310 shares of the bank’s stock worth $40,144,000 after purchasing an additional 148,171 shares in the last quarter. Axiom International Investors LLC DE raised its position in Banco Santander-Chile by 4.2% in the third quarter. Axiom International Investors LLC DE now owns 208,577 shares of the bank’s stock worth $6,670,000 after purchasing an additional 8,317 shares in the last quarter. Henry James International Management Inc. acquired a new position in Banco Santander-Chile in the third quarter worth about $757,000. Rehmann Capital Advisory Group raised its position in Banco Santander-Chile by 3,097.4% in the third quarter. Rehmann Capital Advisory Group now owns 4,924 shares of the bank’s stock worth $154,000 after purchasing an additional 4,770 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Banco Santander-Chile by 88.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 77,903 shares of the bank’s stock worth $2,329,000 after purchasing an additional 36,543 shares in the last quarter. 13.24% of the stock is owned by institutional investors and hedge funds.

Banco Santander-Chile Company Profile

Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.

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