Shares of Banco Santander Chile (NYSE:BSAC) were down 6.7% during trading on Monday . The stock traded as low as $28.19 and last traded at $28.67. Approximately 1,666,035 shares changed hands during mid-day trading, an increase of 275% from the average daily volume of 443,713 shares. The stock had previously closed at $30.73.

Several analysts have recently commented on BSAC shares. BidaskClub lowered shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Sunday, November 5th. Zacks Investment Research lowered shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Scotia Howard Weill lowered shares of Banco Santander Chile from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, October 24th. Finally, UBS AG lowered shares of Banco Santander Chile from a “neutral” rating to a “sell” rating and increased their price target for the company from $24.00 to $27.00 in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Banco Santander Chile has an average rating of “Hold” and a consensus price target of $28.00.

The stock has a market cap of $14,477.36, a PE ratio of 17.56, a P/E/G ratio of 1.53 and a beta of 0.75. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.69 and a current ratio of 1.69.

Several hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank boosted its position in Banco Santander Chile by 4.7% during the second quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock worth $121,000 after acquiring an additional 212 shares during the last quarter. Invictus RG acquired a new stake in Banco Santander Chile during the third quarter worth approximately $217,000. Global X Management Co. LLC boosted its position in Banco Santander Chile by 1.4% during the second quarter. Global X Management Co. LLC now owns 7,605 shares of the bank’s stock worth $193,000 after acquiring an additional 108 shares during the last quarter. Timber Hill LLC acquired a new stake in Banco Santander Chile during the third quarter worth approximately $252,000. Finally, Stevens Capital Management LP acquired a new stake in Banco Santander Chile during the third quarter worth approximately $286,000. Institutional investors and hedge funds own 17.54% of the company’s stock.

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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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