Zacks Investment Research cut shares of Banco Santander-Chile (NYSE:BSAC) from a buy rating to a hold rating in a research report report published on Monday.

According to Zacks, “Banco Santiago is the largest bank in Chile, in terms of assets with Ch$4,088 billion (approximately US$9.86 billion ) as of March 31, 1997. The bank is the result of the merger of two of the largest institutions in the Chilean banking system, Banco O’Higgins S.A., mainly a corporate bank, and Banco de Santiago S.A., mainly focused in consumer and middle-market lending. “

A number of other equities analysts have also issued reports on the stock. BidaskClub lowered shares of Banco Santander-Chile from a buy rating to a hold rating in a research report on Sunday, November 5th. Scotia Howard Weill downgraded shares of Banco Santander-Chile from an outperform rating to a sector perform rating in a research note on Tuesday, October 24th. Finally, Citigroup downgraded shares of Banco Santander-Chile from a buy rating to a neutral rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Banco Santander-Chile currently has a consensus rating of Hold and an average price target of $29.00.

Shares of Banco Santander-Chile (NYSE:BSAC) traded up $0.12 during mid-day trading on Monday, hitting $33.73. 237,639 shares of the stock were exchanged, compared to its average volume of 338,233. Banco Santander-Chile has a 12 month low of $21.21 and a 12 month high of $33.76. The firm has a market capitalization of $15,860.00, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.61 and a beta of 0.69. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.69 and a quick ratio of 1.69.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Invictus RG bought a new stake in shares of Banco Santander-Chile during the third quarter worth approximately $217,000. Timber Hill LLC bought a new stake in shares of Banco Santander-Chile during the third quarter worth approximately $252,000. Stevens Capital Management LP bought a new stake in shares of Banco Santander-Chile during the third quarter worth approximately $286,000. Financial Counselors Inc. raised its stake in shares of Banco Santander-Chile by 2.8% during the second quarter. Financial Counselors Inc. now owns 12,623 shares of the bank’s stock worth $321,000 after buying an additional 346 shares during the last quarter. Finally, TD Asset Management Inc. bought a new stake in shares of Banco Santander-Chile during the third quarter worth approximately $341,000. 16.66% of the stock is owned by institutional investors and hedge funds.

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Banco Santander-Chile Company Profile

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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