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.

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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.

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