Banco Santander-Chile (NYSE:BSAC) Sees Unusually-High Trading Volume – Time to Buy?

Banco Santander-Chile (NYSE:BSAC) shares saw unusually-high trading volume on Friday . Approximately 261,427 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 285,985 shares.The stock last traded at $18.83 and had previously closed at $18.97.

Analysts Set New Price Targets

BSAC has been the subject of a number of research reports. StockNews.com raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Monday, August 5th. The Goldman Sachs Group raised shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and raised their price target for the company from $18.00 to $21.00 in a report on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Banco Santander-Chile currently has an average rating of “Hold” and a consensus target price of $21.50.

Banco Santander-Chile Stock Up 0.4 %

The business’s fifty day simple moving average is $19.89 and its 200 day simple moving average is $19.77. 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 $8.97 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.39 and a beta of 0.87.

Institutional Trading of Banco Santander-Chile

Institutional investors have recently bought and sold shares of the business. Natixis Advisors LLC acquired a new stake in Banco Santander-Chile during the 3rd quarter worth $212,000. Ballentine Partners LLC acquired a new position in shares of Banco Santander-Chile in the 2nd quarter valued at $195,000. Blue Trust Inc. grew its holdings in shares of Banco Santander-Chile by 32.3% in the 2nd quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock valued at $258,000 after buying an additional 3,179 shares during the period. Frank Rimerman Advisors LLC acquired a new position in shares of Banco Santander-Chile in the 2nd quarter valued at $248,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Banco Santander-Chile by 30.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock valued at $366,000 after buying an additional 4,515 shares during the period. Institutional investors and hedge funds own 6.42% of the company’s stock.

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.