Banco Santander-Chile (BSAC) Given Consensus Recommendation of “Hold” by Analysts
Banco Santander-Chile (NASDAQ:BSAC) has earned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $26.33.
A number of equities analysts have recently weighed in on BSAC shares. Zacks Investment Research cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Monday, June 5th. BidaskClub cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Friday, June 9th.
Banco Santander-Chile (NASDAQ BSAC) traded up 1.96% on Friday, reaching $29.58. The company had a trading volume of 310,857 shares. The company’s 50-day moving average is $29.22 and its 200-day moving average is $25.79. Banco Santander-Chile has a 52-week low of $20.22 and a 52-week high of $30.18. The company has a market capitalization of $13.94 billion and a PE ratio of 18.49.
Banco Santander-Chile (NASDAQ:BSAC) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. Banco Santander-Chile had a return on equity of 20.58% and a net margin of 29.10%. The company had revenue of $704.02 million during the quarter, compared to analysts’ expectations of $458.92 million. During the same period in the previous year, the firm posted $0.40 earnings per share. Equities analysts anticipate that Banco Santander-Chile will post $1.82 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Financial Counselors Inc. grew its position in Banco Santander-Chile by 0.8% during the first quarter. Financial Counselors Inc. now owns 12,277 shares of the bank’s stock valued at $308,000 after acquiring an additional 92 shares during the period. Global X Management Co. LLC grew its position in Banco Santander-Chile by 1.4% during the second quarter. Global X Management Co. LLC now owns 7,605 shares of the bank’s stock valued at $193,000 after acquiring an additional 108 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in Banco Santander-Chile by 1.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,397 shares of the bank’s stock valued at $311,000 after acquiring an additional 200 shares during the period. Huntington National Bank grew its position in Banco Santander-Chile by 4.7% during the second quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock valued at $121,000 after acquiring an additional 212 shares during the period. Finally, Comerica Bank grew its position in Banco Santander-Chile by 1.3% during the first quarter. Comerica Bank now owns 27,055 shares of the bank’s stock valued at $638,000 after acquiring an additional 352 shares during the period.
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.
Receive News & Ratings for Banco Santander-Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander-Chile and related companies with MarketBeat.com's FREE daily email newsletter.