Banco Santander-Chile (NASDAQ:BSAC) Upgraded at BidaskClub
Banco Santander-Chile (NASDAQ:BSAC) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.
A number of other brokerages have also recently commented on BSAC. Zacks Investment Research cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Friday. Credit Suisse Group reiterated a “neutral” rating and issued a $26.00 target price (up previously from $25.00) on shares of Banco Santander-Chile in a report on Wednesday, April 19th. Finally, Goldman Sachs Group, Inc. (The) lifted their target price on Banco Santander-Chile from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.25.
Banco Santander-Chile (NASDAQ:BSAC) traded down 0.34% during mid-day trading on Friday, hitting $29.13. The stock had a trading volume of 324,109 shares. The stock’s 50-day moving average price is $25.96 and its 200-day moving average price is $24.14. The stock has a market cap of $13.72 billion and a price-to-earnings ratio of 18.21. Banco Santander-Chile has a 12 month low of $20.22 and a 12 month high of $29.38.
Banco Santander-Chile (NASDAQ:BSAC) last announced its earnings results on Friday, July 28th. The bank reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. The firm had revenue of $704.02 million during the quarter, compared to analysts’ expectations of $458.92 million. Banco Santander-Chile had a return on equity of 19.57% and a net margin of 29.03%. During the same quarter in the previous year, the business earned $0.40 EPS. On average, analysts predict that Banco Santander-Chile will post $1.77 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the stock. Pictet Asset Management Ltd. boosted its position in Banco Santander-Chile by 8.6% in the first quarter. Pictet Asset Management Ltd. now owns 31,688 shares of the bank’s stock worth $795,000 after buying an additional 2,500 shares during the last quarter. Comerica Bank boosted its position in Banco Santander-Chile by 1.3% in the first quarter. Comerica Bank now owns 27,055 shares of the bank’s stock worth $638,000 after buying an additional 352 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new position in Banco Santander-Chile during the first quarter worth about $235,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Banco Santander-Chile by 27.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,930 shares of the bank’s stock worth $299,000 after buying an additional 2,580 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Banco Santander-Chile during the first quarter worth about $428,000.
Banco Santander-Chile Company Profile
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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