Zacks: Analysts Set $26.00 Price Target for Banco Santander-Chile (BSAC)
Banco Santander-Chile (NASDAQ:BSAC) has earned an average broker rating score of 3.33 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation and two have issued a hold recommendation on the company.
Analysts have set a 1-year consensus target price of $26.00 for the company and are predicting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Banco Santander-Chile an industry rank of 57 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on BSAC shares. Zacks Investment Research cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Monday, June 26th. Credit Suisse Group reiterated a “neutral” rating and set a $26.00 target price (up from $25.00) on shares of Banco Santander-Chile in a research note on Wednesday, April 19th. BidaskClub cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) boosted their price objective on Banco Santander-Chile from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, May 2nd.
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Several hedge funds and other institutional investors have recently modified their holdings of BSAC. Huntington National Bank raised its stake in shares of Banco Santander-Chile by 4.7% in the second quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock valued at $121,000 after buying an additional 212 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Banco Santander-Chile by 24.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,879 shares of the bank’s stock valued at $122,000 after buying an additional 967 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of Banco Santander-Chile during the first quarter valued at about $125,000. Global X Management Co. LLC raised its stake in shares of Banco Santander-Chile by 27.4% in the first quarter. Global X Management Co. LLC now owns 7,497 shares of the bank’s stock valued at $188,000 after buying an additional 1,612 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Banco Santander-Chile during the first quarter valued at about $224,000.
Banco Santander-Chile (BSAC) traded up 1.59% during trading on Tuesday, hitting $26.90. 41,977 shares of the company’s stock traded hands. Banco Santander-Chile has a 52-week low of $20.05 and a 52-week high of $26.90. The company’s 50 day moving average price is $25.44 and its 200 day moving average price is $23.89. The company has a market cap of $12.67 billion and a PE ratio of 16.81.
About Banco Santander-Chile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.
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