Banco Santander-Chile (BSAC) Downgraded to “Sector Perform” at Scotia Howard Weill
Banco Santander-Chile (NASDAQ:BSAC) was downgraded by analysts at Scotia Howard Weill from an “outperform” rating to a “sector perform” rating in a note issued to investors on Tuesday.
Several other equities research analysts also recently weighed in on BSAC. Zacks Investment Research downgraded Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub downgraded Banco Santander-Chile from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, UBS AG downgraded Banco Santander-Chile from a “neutral” rating to a “sell” rating and raised their price objective for the company from $24.00 to $27.00 in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.00.
Banco Santander-Chile (NASDAQ BSAC) traded down 0.94% during trading on Tuesday, reaching $30.48. The company’s stock had a trading volume of 328,933 shares. The company’s 50 day moving average price is $30.09 and its 200-day moving average price is $27.04. Banco Santander-Chile has a 1-year low of $21.06 and a 1-year high of $31.61. The stock has a market cap of $14.36 billion and a P/E ratio of 15.24.
Banco Santander-Chile (NASDAQ:BSAC) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $458.92 million. During the same quarter last year, the company posted $0.40 EPS. Equities analysts forecast that Banco Santander-Chile will post $1.83 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Banco Santander-Chile (BSAC) Downgraded to “Sector Perform” at Scotia Howard Weill” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/24/banco-santander-chile-bsac-downgraded-to-sector-perform-at-scotia-howard-weill.html.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Banco Santander-Chile by 87.8% during the 1st quarter. Wellington Management Group LLP now owns 781,012 shares of the bank’s stock worth $19,587,000 after buying an additional 365,041 shares during the period. Bamco Inc. NY lifted its holdings in Banco Santander-Chile by 25.8% during the 2nd quarter. Bamco Inc. NY now owns 1,473,798 shares of the bank’s stock worth $37,449,000 after buying an additional 302,400 shares during the period. Aberdeen Asset Management PLC UK lifted 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 worth $591,908,000 after buying an additional 290,600 shares during the period. William Blair Investment Management LLC lifted its holdings in Banco Santander-Chile by 18.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,830,077 shares of the bank’s stock worth $46,502,000 after buying an additional 285,115 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Banco Santander-Chile by 10.2% during the 1st quarter. Vanguard Group Inc. now owns 1,923,488 shares of the bank’s stock worth $48,241,000 after buying an additional 178,061 shares during the period.
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.
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.