Banco Santander-Chile (BSAC) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Banco Santander-Chile (NASDAQ:BSAC) have been given an average recommendation of “Hold” by the six analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $26.33.
A number of analysts have recently issued reports on the stock. Scotia Howard Weill raised shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a report on Friday, August 25th. UBS AG cut shares of Banco Santander-Chile from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $24.00 to $27.00 in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Wednesday, July 12th. Finally, BidaskClub cut shares of Banco Santander-Chile from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st.
Institutional investors and hedge funds have recently made changes to their positions in the business. Todd Asset Management LLC grew its holdings in Banco Santander-Chile by 0.9% during the 2nd quarter. Todd Asset Management LLC now owns 729,985 shares of the bank’s stock valued at $18,549,000 after buying an additional 6,470 shares in the last quarter. Aberdeen Asset Management PLC UK grew its holdings in Banco Santander-Chile by 1.3% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 23,294,310 shares of the bank’s stock valued at $591,908,000 after buying an additional 290,600 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Banco Santander-Chile by 247.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 41,430 shares of the bank’s stock valued at $1,053,000 after buying an additional 29,500 shares in the last quarter. Comerica Bank grew its holdings in Banco Santander-Chile by 1.3% during the 1st quarter. Comerica Bank now owns 27,055 shares of the bank’s stock valued at $638,000 after buying an additional 352 shares in the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new stake in Banco Santander-Chile during the 1st quarter valued at approximately $235,000.
Banco Santander-Chile (BSAC) traded up 0.10% during midday trading on Wednesday, reaching $31.03. The company had a trading volume of 155,886 shares. The stock’s 50 day moving average price is $29.66 and its 200-day moving average price is $26.65. The firm has a market capitalization of $14.62 billion and a P/E ratio of 15.52. Banco Santander-Chile has a one year low of $20.22 and a one year high of $31.19.
Banco Santander-Chile (NASDAQ:BSAC) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Banco Santander-Chile had a net margin of 29.10% and a return on equity of 20.58%. The company had revenue of $704.02 million for the quarter, compared to the consensus estimate of $458.92 million. During the same period in the prior year, the firm posted $0.40 EPS. On average, equities research analysts anticipate that Banco Santander-Chile will post $1.81 earnings per share for the current year.
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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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