Banco Santander-Chile (NYSE:BSAC) Share Price Passes Below 50 Day Moving Average – Should You Sell?

by · The Markets Daily

Banco Santander-Chile (NYSE:BSAC – Get Free Report) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.48 and traded as low as $18.81. Banco Santander-Chile shares last traded at $18.96, with a volume of 258,211 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $21.00 in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.33.

Get Our Latest Analysis on BSAC

Banco Santander-Chile Stock Performance

The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 0.41 and a beta of 0.87. The stock has a 50 day moving average price of $19.42 and a two-hundred day moving average price of $19.72.

Hedge Funds Weigh In On Banco Santander-Chile

Several institutional investors have recently modified their holdings of BSAC. Ballentine Partners LLC bought a new position in Banco Santander-Chile during the 2nd quarter worth approximately $195,000. Natixis Advisors LLC acquired a new position in shares of Banco Santander-Chile in the 3rd quarter valued at $212,000. Frank Rimerman Advisors LLC acquired a new position in shares of Banco Santander-Chile in the 2nd quarter valued at $248,000. Blue Trust Inc. increased its position in shares of Banco Santander-Chile by 27.4% in the 3rd quarter. Blue Trust Inc. now owns 16,584 shares of the bank’s stock valued at $344,000 after buying an additional 3,563 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Banco Santander-Chile by 30.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock worth $366,000 after buying an additional 4,515 shares during the period. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Company Profile

(Get Free Report)

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.

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