Banco Santander Chile (NYSE:BSAC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Banco Santander Chile (NYSE:BSAC) have been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $36.00.

Several research analysts have recently weighed in on BSAC shares. Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. upgraded shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a research report on Monday, March 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a report on Monday, April 20th. 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. Finally, Bank of America raised Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Wednesday, April 1st.

Banco Santander Chile Price Performance

Shares of NYSE:BSAC opened at $33.75 on Wednesday. The company has a 50 day moving average of $31.81 and a 200 day moving average of $33.03. 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 stock has a market cap of $15.90 billion, a P/E ratio of 14.55, a P/E/G ratio of 0.82 and a beta of 0.52. Banco Santander Chile has a 12 month low of $22.77 and a 12 month high of $37.72.

Banco Santander Chile (NYSE:BSAC) last posted its earnings results on Friday, July 10th. The bank reported $0.88 earnings per share (EPS) for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. The business had revenue of $847.27 million for the quarter. As a group, sell-side analysts forecast that Banco Santander Chile will post 2.79 EPS for the current fiscal year.

Institutional Trading of Banco Santander Chile

A number of hedge funds have recently bought and sold shares of the company. Deprince Race & Zollo Inc. bought a new stake in Banco Santander Chile in the fourth quarter worth $3,369,000. INCA Investments LLC grew its stake in shares of Banco Santander Chile by 18.8% during the first quarter. INCA Investments LLC now owns 1,263,892 shares of the bank’s stock valued at $42,214,000 after buying an additional 199,618 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Banco Santander Chile by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock worth $82,507,000 after buying an additional 17,119 shares during the period. UBS Group AG increased its holdings in shares of Banco Santander Chile by 69.4% in the fourth quarter. UBS Group AG now owns 78,855 shares of the bank’s stock worth $2,453,000 after buying an additional 32,297 shares during the period. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Banco Santander Chile in the 4th quarter valued at about $809,000. Institutional investors own 6.42% of the company’s stock.

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.