The Goldman Sachs Group Issues Positive Forecast for Banco Santander Chile (NYSE:BSAC) Stock Price

Banco Santander Chile (NYSE:BSAC) had its price objective lifted by The Goldman Sachs Group from $29.00 to $33.00 in a report released on Thursday morning,Benzinga reports. They currently have a sell rating on the bank’s stock.

BSAC has been the topic of a number of other research reports. Wall Street Zen cut Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. UBS Group dropped their price target on Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Erste Group Bank upgraded Banco Santander Chile to a “strong-buy” rating in a report on Tuesday, May 5th. Bank of America raised Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research note on Wednesday, April 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.40.

Banco Santander Chile Stock Down 2.0%

Shares of NYSE:BSAC opened at $33.06 on Thursday. The stock’s 50-day moving average price is $31.91 and its two-hundred day moving average price is $33.05. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.26. Banco Santander Chile has a 12-month low of $22.77 and a 12-month high of $37.72. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.82 and a beta of 0.52.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings data on Friday, July 10th. The bank reported $0.88 EPS for the quarter. The company had revenue of $847.27 million during the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. On average, research analysts forecast that Banco Santander Chile will post 2.79 EPS for the current year.

Institutional Trading of Banco Santander Chile

Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Banco Santander Chile during the 2nd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised its holdings in Banco Santander Chile by 577.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after acquiring an additional 1,329 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Banco Santander Chile by 199.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock valued at $47,000 after acquiring an additional 1,007 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Banco Santander Chile by 739.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock valued at $47,000 after acquiring an additional 1,309 shares during the last quarter. Finally, Barclays PLC boosted its stake in Banco Santander Chile by 703.0% during the 4th quarter. Barclays PLC now owns 2,666 shares of the bank’s stock valued at $83,000 after acquiring an additional 2,334 shares during the last quarter. 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.