Banco Santander Chile (NYSE:BSAC) Short Interest Update

Banco Santander Chile (NYSE:BSAC) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 501,644 shares, an increase of 22.7% from the December 15th total of 408,701 shares. Based on an average daily trading volume, of 254,946 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 254,946 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On Banco Santander Chile

Several hedge funds and other institutional investors have recently bought and sold shares of BSAC. Simplex Trading LLC purchased a new stake in shares of Banco Santander Chile in the second quarter valued at $25,000. Raymond James Financial Inc. purchased a new stake in Banco Santander Chile during the 2nd quarter worth about $33,000. EverSource Wealth Advisors LLC increased its position in Banco Santander Chile by 577.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after purchasing an additional 1,329 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Banco Santander Chile by 380.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,532 shares of the bank’s stock valued at $89,000 after purchasing an additional 2,797 shares during the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in Banco Santander Chile in the 3rd quarter valued at about $152,000. 6.42% of the stock is owned by institutional investors and hedge funds.

Banco Santander Chile Price Performance

Shares of NYSE BSAC traded up $1.08 during trading on Monday, hitting $33.34. 457,544 shares of the company were exchanged, compared to its average volume of 246,242. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.84 and a quick ratio of 1.84. Banco Santander Chile has a 1 year low of $19.04 and a 1 year high of $33.49. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 0.76 and a beta of 0.56. The firm’s fifty day moving average price is $30.85 and its 200 day moving average price is $27.41.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings data on Monday, November 17th. The bank reported $0.99 EPS for the quarter. The firm had revenue of $740.10 million during the quarter. Banco Santander Chile had a net margin of 24.74% and a return on equity of 22.18%. On average, sell-side analysts expect that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BSAC has been the subject of a number of recent research reports. UBS Group increased their price objective on Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Citigroup lowered shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. The Goldman Sachs Group downgraded shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Wall Street Zen cut shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Tuesday, December 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $27.67.

Banco Santander Chile Company Profile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.