Banco Santander Chile (NYSE:BSAC) Upgraded to Hold at Wall Street Zen

Banco Santander Chile (NYSE:BSAC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

BSAC has been the subject of a number of other research reports. UBS Group lifted their target price on Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, January 21st. The Goldman Sachs Group lowered shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Finally, Citigroup downgraded shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, November 7th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $27.67.

Banco Santander Chile Stock Up 1.6%

BSAC stock opened at $36.14 on Friday. The firm has a fifty day moving average price of $33.74 and a 200 day moving average price of $29.39. Banco Santander Chile has a fifty-two week low of $20.77 and a fifty-two week high of $37.72. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.84 and a quick ratio of 1.84.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings results on Monday, February 9th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Santander Chile had a net margin of 24.57% and a return on equity of 23.25%. The company had revenue of $740.07 million for the quarter. Sell-side analysts forecast that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Santander Chile

A number of large investors have recently bought and sold shares of the business. Simplex Trading LLC purchased a new stake in Banco Santander Chile during the second quarter worth $25,000. Raymond James Financial Inc. bought a new position in shares of Banco Santander Chile in the 2nd quarter worth $33,000. EverSource Wealth Advisors LLC lifted its stake in shares of Banco Santander Chile by 577.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after purchasing an additional 1,329 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Banco Santander Chile by 199.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Banco Santander Chile by 739.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,309 shares in the last quarter. Institutional investors own 6.42% of the company’s stock.

About Banco Santander Chile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.