Banco Santander Chile (NYSE:BSAC) Short Interest Update

Banco Santander Chile (NYSE:BSAC) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 539,088 shares, a growth of 21.0% from the January 15th total of 445,472 shares. Based on an average daily volume of 465,653 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 465,653 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TT International Asset Management LTD bought a new stake in Banco Santander Chile in the 3rd quarter valued at $24,685,000. Robeco Institutional Asset Management B.V. lifted its stake in Banco Santander Chile by 200.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 832,647 shares of the bank’s stock valued at $22,065,000 after buying an additional 555,919 shares in the last quarter. USS Investment Management Ltd boosted its position in Banco Santander Chile by 45.5% during the 4th quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock worth $48,603,000 after acquiring an additional 488,676 shares during the last quarter. INCA Investments LLC grew its stake in Banco Santander Chile by 48.8% in the fourth quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock valued at $33,110,000 after purchasing an additional 349,082 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Banco Santander Chile by 120.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 254,585 shares of the bank’s stock worth $6,747,000 after buying an additional 139,015 shares during the last quarter. 6.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BSAC shares. Citigroup cut Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, November 7th. The Goldman Sachs Group cut shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Wall Street Zen cut Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, January 21st. Finally, UBS Group upped their price objective on shares of Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $27.67.

Banco Santander Chile Stock Performance

Shares of NYSE:BSAC traded down $0.57 during midday trading on Tuesday, reaching $35.08. 151,544 shares of the company’s stock traded hands, compared to its average volume of 343,837. The company has a fifty day simple moving average of $33.33 and a two-hundred day simple moving average of $29.13. Banco Santander Chile has a 1 year low of $20.77 and a 1 year high of $37.72. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.51.

Banco Santander Chile (NYSE:BSAC) last issued its quarterly earnings results on Monday, February 9th. The bank reported $0.62 EPS for the quarter. Banco Santander Chile had a return on equity of 23.25% and a net margin of 24.57%.The firm had revenue of $740.07 million during the quarter. As a group, research analysts forecast that Banco Santander Chile will post 2.07 EPS for the current year.

About Banco Santander Chile

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.