Banco Santander Chile (NYSE:BSAC) Downgraded by Wall Street Zen to Sell

Banco Santander Chile (NYSE:BSAC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

BSAC has been the subject of several other research reports. JPMorgan Chase & Co. raised their target price on shares of Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Citigroup downgraded Banco Santander Chile from a “buy” rating to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, October 8th. Finally, UBS Group lifted their target price on shares of Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $27.67.

Banco Santander Chile Stock Performance

Shares of BSAC opened at $31.04 on Friday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50-day moving average of $28.91 and a two-hundred day moving average of $26.10. The stock has a market cap of $14.62 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.78 and a beta of 0.58. Banco Santander Chile has a one year low of $18.19 and a one year high of $31.37.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings data on Monday, November 17th. The bank reported $0.99 earnings per share (EPS) for the quarter. The firm had revenue of $740.10 million during the quarter. Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%. As a group, research analysts predict that Banco Santander Chile will post 2.07 EPS for the current year.

Institutional Investors Weigh In On Banco Santander Chile

Large investors have recently added to or reduced their stakes in the business. Cardinal Capital Management increased its stake in Banco Santander Chile by 0.9% during the 2nd quarter. Cardinal Capital Management now owns 99,974 shares of the bank’s stock worth $2,521,000 after buying an additional 875 shares during the period. Simplex Trading LLC acquired a new stake in Banco Santander Chile during the 2nd quarter valued at approximately $25,000. PNC Financial Services Group Inc. increased its holdings in Banco Santander Chile by 9.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,470 shares of the bank’s stock worth $304,000 after purchasing an additional 1,037 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Banco Santander Chile by 54,450.0% in the 1st quarter. Brooklyn Investment Group now owns 1,091 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,089 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Banco Santander Chile by 10.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 11,625 shares of the bank’s stock valued at $307,000 after purchasing an additional 1,123 shares in the last quarter. 6.42% of the stock is owned by institutional investors and hedge funds.

Banco Santander Chile Company Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.