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

Shares of Banco Santander-Chile (NYSE:BSAC) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $29.60.

Several research firms recently issued reports on BSAC. Zacks Investment Research raised Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, January 9th. ValuEngine raised Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Deutsche Bank lowered Banco Santander-Chile to a “sell” rating and set a $32.00 price target on the stock. in a research report on Wednesday, January 24th. Scotia Howard Weill lowered Banco Santander-Chile from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, October 24th. Finally, Citigroup lowered Banco Santander-Chile from a “buy” rating to a “neutral” rating in a research report on Friday, December 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of BSAC. Schwab Charles Investment Management Inc. increased its position in Banco Santander-Chile by 20.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 160,177 shares of the bank’s stock worth $4,071,000 after buying an additional 27,032 shares during the period. Vanguard Group Inc. increased its position in Banco Santander-Chile by 9.0% in the second quarter. Vanguard Group Inc. now owns 2,095,880 shares of the bank’s stock worth $53,256,000 after buying an additional 172,392 shares during the period. Stifel Financial Corp increased its position in Banco Santander-Chile by 8.0% in the second quarter. Stifel Financial Corp now owns 20,604 shares of the bank’s stock worth $522,000 after buying an additional 1,527 shares during the period. Goldman Sachs Group Inc. increased its position in Banco Santander-Chile by 15.0% in the second quarter. Goldman Sachs Group Inc. now owns 162,447 shares of the bank’s stock worth $4,128,000 after buying an additional 21,215 shares during the period. Finally, Royal Bank of Canada increased its position in Banco Santander-Chile by 2,007.2% in the second quarter. Royal Bank of Canada now owns 66,566 shares of the bank’s stock worth $1,692,000 after buying an additional 63,407 shares during the period. 16.77% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander-Chile (BSAC) opened at $32.10 on Tuesday. 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 company has a market capitalization of $14,811.86, a P/E ratio of 17.26, a PEG ratio of 1.31 and a beta of 0.72. Banco Santander-Chile has a one year low of $21.56 and a one year high of $34.98.

Banco Santander-Chile (NYSE:BSAC) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The business had revenue of $729.84 million for the quarter, compared to analyst estimates of $449.44 million. Banco Santander-Chile had a return on equity of 18.00% and a net margin of 20.98%. sell-side analysts anticipate that Banco Santander-Chile will post 2.01 earnings per share for the current year.

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Banco Santander-Chile Company Profile

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.

Analyst Recommendations for Banco Santander-Chile (NYSE:BSAC)

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