Public Employees Retirement System of Ohio Buys Shares of 83,054 Banco Santander-Chile (NYSE:BSAC)

Public Employees Retirement System of Ohio purchased a new position in Banco Santander-Chile (NYSE:BSAC) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 83,054 shares of the bank’s stock, valued at approximately $1,724,000.

Several other large investors have also recently made changes to their positions in BSAC. Allspring Global Investments Holdings LLC lifted its holdings in Banco Santander-Chile by 0.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock valued at $53,228,000 after purchasing an additional 23,000 shares in the last quarter. RWC Asset Management LLP lifted its stake in shares of Banco Santander-Chile by 60.5% in the second quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock worth $14,999,000 after buying an additional 300,257 shares in the last quarter. Ballentine Partners LLC acquired a new position in Banco Santander-Chile during the second quarter worth about $195,000. AGF Management Ltd. grew its stake in Banco Santander-Chile by 6.5% during the 2nd quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock valued at $7,584,000 after acquiring an additional 24,697 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Banco Santander-Chile by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 154,030 shares of the bank’s stock valued at $2,900,000 after acquiring an additional 8,138 shares during the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander-Chile Trading Down 2.5 %

Shares of BSAC stock opened at $18.60 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a twelve month low of $17.73 and a twelve month high of $21.43. The company’s 50-day moving average price is $19.63 and its 200-day moving average price is $19.74. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 0.41 and a beta of 0.87.

Analysts Set New Price Targets

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

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.