Connor Clark & Lunn Investment Management Ltd. Acquires 20,966 Shares of Banco Santander-Chile (NYSE:BSAC)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Banco Santander-Chile (NYSE:BSAC) by 9.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 233,454 shares of the bank’s stock after purchasing an additional 20,966 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Banco Santander-Chile were worth $4,847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Banco Santander-Chile in the third quarter worth $461,000. Natixis Advisors LLC purchased a new stake in Banco Santander-Chile during the 3rd quarter valued at about $212,000. abrdn plc increased its stake in Banco Santander-Chile by 76.4% during the 3rd quarter. abrdn plc now owns 861,295 shares of the bank’s stock valued at $18,036,000 after purchasing an additional 372,936 shares in the last quarter. Blue Trust Inc. increased its stake in Banco Santander-Chile by 27.4% during the 3rd quarter. Blue Trust Inc. now owns 16,584 shares of the bank’s stock valued at $344,000 after purchasing an additional 3,563 shares in the last quarter. Finally, Cardinal Capital Management raised its holdings in Banco Santander-Chile by 1.2% in the third quarter. Cardinal Capital Management now owns 98,907 shares of the bank’s stock worth $2,053,000 after buying an additional 1,145 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BSAC shares. 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 research report on Tuesday, August 20th. StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Berenberg Bank raised Banco Santander-Chile to a “hold” rating in a research report on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.50.

Banco Santander-Chile Stock Down 2.6 %

Shares of Banco Santander-Chile stock opened at $18.96 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.60. Banco Santander-Chile has a twelve month low of $17.73 and a twelve month high of $21.43. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.40 and a beta of 0.87. The company’s 50 day moving average is $20.00 and its 200 day moving average is $19.76.

Banco Santander-Chile 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.