33,707 Shares in Banco Santander-Chile (NYSE:BSAC) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new stake in Banco Santander-Chile (NYSE:BSAC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 33,707 shares of the bank’s stock, valued at approximately $700,000.

Several other hedge funds have also recently bought and sold shares of BSAC. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Banco Santander-Chile by 9.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 233,454 shares of the bank’s stock valued at $4,847,000 after purchasing an additional 20,966 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Banco Santander-Chile in the third quarter valued at about $461,000. Natixis Advisors LLC bought a new position in Banco Santander-Chile in the third quarter valued at about $212,000. abrdn plc raised its stake in Banco Santander-Chile by 76.4% during the third quarter. abrdn plc now owns 861,295 shares of the bank’s stock worth $18,036,000 after acquiring an additional 372,936 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Banco Santander-Chile by 27.4% during the third quarter. Blue Trust Inc. now owns 16,584 shares of the bank’s stock worth $344,000 after acquiring an additional 3,563 shares in the last quarter. 6.42% of the stock is owned by institutional investors.

Banco Santander-Chile Stock Performance

NYSE:BSAC opened at $18.95 on Tuesday. The stock’s 50-day moving average is $20.00 and its 200-day moving average is $19.78. Banco Santander-Chile has a 1-year low of $17.73 and a 1-year high of $21.43. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.60. The stock has a market cap of $8.93 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.39 and a beta of 0.87.

Analyst Ratings Changes

A number of research firms have recently weighed in on BSAC. StockNews.com upgraded shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Berenberg Bank upgraded shares of Banco Santander-Chile to a “hold” rating in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group upgraded shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and upped their price target for the stock from $18.00 to $21.00 in a report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.50.

Banco Santander-Chile Company Profile

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