Mirabella Financial Services LLP Invests $700,000 in Banco Santander-Chile (NYSE:BSAC)

Mirabella Financial Services LLP bought a new stake in Banco Santander-Chile (NYSE:BSAC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,707 shares of the bank’s stock, valued at approximately $700,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC bought a new stake in Banco Santander-Chile in the second quarter valued at approximately $195,000. Natixis Advisors LLC acquired a new stake in Banco Santander-Chile during the 3rd quarter valued at $212,000. Frank Rimerman Advisors LLC bought a new position in Banco Santander-Chile during the second quarter worth $248,000. Blue Trust Inc. increased its holdings in shares of Banco Santander-Chile by 32.3% in the second quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock valued at $258,000 after purchasing an additional 3,179 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Banco Santander-Chile by 30.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock valued at $366,000 after purchasing an additional 4,515 shares during the period. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BSAC shares. Berenberg Bank raised shares of Banco Santander-Chile to a “hold” rating in a report on Tuesday, July 30th. StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group upgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $21.00 in a research note on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.50.

Banco Santander-Chile Stock Performance

NYSE BSAC opened at $18.95 on Tuesday. Banco Santander-Chile has a 12-month low of $17.73 and a 12-month high of $21.43. The firm has a 50-day moving average price of $20.00 and a two-hundred day moving average price of $19.78. The company has a market capitalization of $8.93 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.39 and a beta of 0.87. 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 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.