Banco Santander Chile (NYSE:BSAC) gapped up before the market opened on Tuesday . The stock had previously closed at $26.46, but opened at $28.99. Banco Santander Chile shares last traded at $31.97, with a volume of 2058300 shares traded.

A number of brokerages recently commented on BSAC. Scotia Howard Weill downgraded Banco Santander Chile from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 24th. BidaskClub downgraded Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Sunday, November 5th. Zacks Investment Research raised Banco Santander Chile from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, November 16th. Finally, Citigroup downgraded Banco Santander Chile from a “buy” rating to a “neutral” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Banco Santander Chile currently has an average rating of “Hold” and an average price target of $28.00.

The company has a debt-to-equity ratio of 2.75, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $15,103.95, a price-to-earnings ratio of 18.32, a P/E/G ratio of 1.60 and a beta of 0.69.

A number of large investors have recently added to or reduced their stakes in BSAC. Pictet Asset Management Ltd. increased its position in Banco Santander Chile by 17.4% in the 2nd quarter. Pictet Asset Management Ltd. now owns 37,188 shares of the bank’s stock valued at $919,000 after acquiring an additional 5,500 shares during the period. Global X Management Co. LLC increased its position in Banco Santander Chile by 1.4% in the 2nd quarter. Global X Management Co. LLC now owns 7,605 shares of the bank’s stock valued at $193,000 after acquiring an additional 108 shares during the period. Schwab Charles Investment Management Inc. increased its position in Banco Santander Chile by 20.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 160,177 shares of the bank’s stock valued at $4,071,000 after acquiring an additional 27,032 shares during the period. BNP Paribas Arbitrage SA increased its position in Banco Santander Chile by 932.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 96,836 shares of the bank’s stock valued at $2,461,000 after acquiring an additional 87,455 shares during the period. Finally, William Blair Investment Management LLC increased its position in Banco Santander Chile by 18.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,830,077 shares of the bank’s stock valued at $46,502,000 after acquiring an additional 285,115 shares during the period. 16.66% of the stock is currently owned by institutional investors.

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About Banco Santander Chile

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.

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