Brokerages Set Banco Santander Chile (NYSE:BSAC) Target Price at $30.25

Banco Santander Chile (NYSE:BSAC) has earned an average rating of “Reduce” from the six analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $30.25.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $38.00 target price on shares of Banco Santander Chile in a report on Wednesday, March 11th. Wall Street Zen raised Banco Santander Chile from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. The Goldman Sachs Group cut Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, January 21st.

Banco Santander Chile Stock Performance

NYSE BSAC opened at $31.52 on Thursday. Banco Santander Chile has a 12 month low of $20.77 and a 12 month high of $37.72. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a 50 day moving average of $34.31 and a 200-day moving average of $30.47.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings results on Monday, February 9th. The bank reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $740.07 million for the quarter. Banco Santander Chile had a net margin of 24.57% and a return on equity of 21.51%. As a group, equities analysts expect that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Santander Chile

Several institutional investors and hedge funds have recently modified their holdings of BSAC. Corient Private Wealth LLC acquired a new stake in shares of Banco Santander Chile during the 4th quarter worth about $292,000. Invesco Ltd. grew its stake in Banco Santander Chile by 18.3% in the 4th quarter. Invesco Ltd. now owns 43,551 shares of the bank’s stock valued at $1,355,000 after buying an additional 6,745 shares during the last quarter. Vident Advisory LLC raised its holdings in Banco Santander Chile by 6.6% in the 4th quarter. Vident Advisory LLC now owns 32,634 shares of the bank’s stock valued at $1,015,000 after acquiring an additional 2,007 shares during the period. Millennium Management LLC lifted its position in Banco Santander Chile by 221.0% during the fourth quarter. Millennium Management LLC now owns 271,827 shares of the bank’s stock worth $8,457,000 after acquiring an additional 187,151 shares during the last quarter. Finally, Laird Norton Wetherby Trust Company LLC acquired a new stake in Banco Santander Chile during the fourth quarter worth approximately $531,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Chile Company Profile

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.