Banco Santander-Chile (BSAC) Receives Consensus Rating of “Hold” from Analysts

Shares of Banco Santander-Chile (NYSE:BSAC) have been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $29.00.

Several analysts have weighed in on BSAC shares. Zacks Investment Research cut shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. BidaskClub raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Citigroup cut shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating in a research note on Friday, December 1st. Finally, Scotia Howard Weill cut shares of Banco Santander-Chile from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 24th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harding Loevner LP grew its stake in shares of Banco Santander-Chile by 1.1% during the third quarter. Harding Loevner LP now owns 6,297,156 shares of the bank’s stock valued at $187,089,000 after purchasing an additional 68,850 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Banco Santander-Chile by 9.0% during the second quarter. Vanguard Group Inc. now owns 2,095,880 shares of the bank’s stock valued at $53,256,000 after purchasing an additional 172,392 shares during the last quarter. Bamco Inc. NY grew its stake in shares of Banco Santander-Chile by 19.1% during the third quarter. Bamco Inc. NY now owns 1,755,590 shares of the bank’s stock valued at $52,159,000 after purchasing an additional 281,792 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Banco Santander-Chile by 1.5% during the second quarter. Renaissance Technologies LLC now owns 1,648,427 shares of the bank’s stock valued at $41,887,000 after purchasing an additional 23,900 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Banco Santander-Chile by 355.1% during the third quarter. Schroder Investment Management Group now owns 1,524,281 shares of the bank’s stock valued at $45,256,000 after purchasing an additional 1,189,363 shares during the last quarter. 16.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of Banco Santander-Chile (NYSE:BSAC) opened at $34.53 on Friday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $16,215.78, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.57 and a beta of 0.69. Banco Santander-Chile has a 52 week low of $21.21 and a 52 week high of $34.81.

Banco Santander-Chile (NYSE:BSAC) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Banco Santander-Chile had a net margin of 19.92% and a return on equity of 17.51%. sell-side analysts predict that Banco Santander-Chile will post 1.85 EPS for the current fiscal 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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