Banco Santander Chile (NYSE:BSAC) Given Consensus Recommendation of “Hold” by Analysts

Banco Santander Chile (NYSE:BSAC) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $36.00.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a research report on Monday, March 30th. Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research report on Sunday. Itau BBA Securities upgraded shares of Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 19th. Morgan Stanley set a $38.00 price objective on shares of Banco Santander Chile in a research report on Wednesday, March 11th. Finally, Erste Group Bank upgraded shares of Banco Santander Chile to a “strong-buy” rating in a research report on Tuesday, May 5th.

Hedge Funds Weigh In On Banco Santander Chile

Large investors have recently made changes to their positions in the business. USS Investment Management Ltd lifted its stake in Banco Santander Chile by 45.5% during the fourth quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock valued at $48,603,000 after buying an additional 488,676 shares in the last quarter. INCA Investments LLC lifted its stake in Banco Santander Chile by 48.8% during the fourth quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock valued at $33,110,000 after buying an additional 349,082 shares in the last quarter. Millennium Management LLC lifted its stake in Banco Santander Chile by 221.0% during the fourth quarter. Millennium Management LLC now owns 271,827 shares of the bank’s stock valued at $8,457,000 after buying an additional 187,151 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Banco Santander Chile by 120.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 254,585 shares of the bank’s stock valued at $6,747,000 after buying an additional 139,015 shares in the last quarter. Finally, WD Rutherford LLC purchased a new stake in Banco Santander Chile during the first quarter valued at about $3,905,000. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Stock Performance

NYSE:BSAC opened at $30.98 on Tuesday. Banco Santander Chile has a twelve month low of $22.77 and a twelve month high of $37.72. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.26. The company has a 50-day moving average of $32.46 and a 200-day moving average of $32.45. The firm has a market cap of $14.60 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.73 and a beta of 0.53.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings data on Monday, April 13th. The bank reported $0.63 earnings per share for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. The company had revenue of $791.52 million during the quarter. Analysts forecast that Banco Santander Chile will post 2.85 earnings per share for the current fiscal year.

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.