Banco Santander-Chile (BSAC) Given Average Recommendation of “Hold” by Brokerages
Banco Santander-Chile (NYSE:BSAC) has received a consensus rating of “Hold” from the seven research firms that are covering the stock. Two analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $21.38.
Separately, Bank of America Corp. cut shares of Banco Santander-Chile from a “buy” rating to an “underperform” rating in a research note on Wednesday, September 7th.
Banco Santander-Chile (NYSE:BSAC) traded up 0.0539% during mid-day trading on Thursday, reaching $20.6011. The company’s stock had a trading volume of 184,019 shares. Banco Santander-Chile has a 52 week low of $15.69 and a 52 week high of $22.62. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 12.8757 and a beta of 1.05. The firm has a 50-day moving average of $20.93 and a 200-day moving average of $19.92.
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A number of hedge funds and other institutional investors have recently made changes to their positions in BSAC. OLD Mission Capital LLC acquired a new position in shares of Banco Santander-Chile during the first quarter worth approximately $211,000. Lazard Asset Management LLC purchased a new stake in Banco Santander-Chile during the first quarter valued at $239,000. Scotia Capital Inc. purchased a new stake in Banco Santander-Chile during the first quarter valued at $793,000. Goldman Sachs Group Inc. raised its stake in Banco Santander-Chile by 20.2% in the first quarter. Goldman Sachs Group Inc. now owns 168,499 shares of the company’s stock valued at $3,261,000 after buying an additional 28,280 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Banco Santander-Chile during the first quarter valued at $4,333,000. Hedge funds and other institutional investors own 17.72% of the company’s stock.
Banco Santander-Chile Company Profile
Banco Santander-Chile is a Chilean bank. The Company provides commercial and retail banking services to its customers. Its commercial and retail banking services include Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a line of retail banking services, including mortgage financing.
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