BidaskClub Downgrades Banco Santander-Chile (BSAC) to Hold
Banco Santander-Chile (NASDAQ:BSAC) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, July 12th. Scotia Howard Weill raised Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 25th. Finally, UBS AG cut Banco Santander-Chile from a “neutral” rating to a “sell” rating and upped their target price for the stock from $24.00 to $27.00 in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Banco Santander-Chile has a consensus rating of “Hold” and a consensus price target of $27.00.
Banco Santander-Chile (NASDAQ BSAC) traded up 1.96% during mid-day trading on Friday, hitting $29.58. 310,857 shares of the stock were exchanged. Banco Santander-Chile has a 52 week low of $20.22 and a 52 week high of $30.18. The stock has a market cap of $13.94 billion and a price-to-earnings ratio of 18.49. The company has a 50 day moving average price of $29.22 and a 200 day moving average price of $25.79.
Banco Santander-Chile (NASDAQ:BSAC) last announced its earnings results on Friday, July 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 20.58% and a net margin of 29.10%. During the same quarter in the prior year, the business earned $0.40 earnings per share. Analysts expect that Banco Santander-Chile will post $1.82 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. Huntington National Bank lifted its holdings in shares of Banco Santander-Chile by 4.7% during the second quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock worth $121,000 after buying an additional 212 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Banco Santander-Chile by 24.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,879 shares of the bank’s stock worth $122,000 after buying an additional 967 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of Banco Santander-Chile during the first quarter worth approximately $125,000. Global X Management Co. LLC lifted its holdings in shares of Banco Santander-Chile by 27.4% during the first quarter. Global X Management Co. LLC now owns 7,497 shares of the bank’s stock worth $188,000 after buying an additional 1,612 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of Banco Santander-Chile during the first quarter worth approximately $224,000.
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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