Banco Santander-Chile (NYSE:BSAC) Receives Consensus Recommendation of “Hold” from Brokerages

Banco Santander-Chile (NYSE:BSAC) has earned an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $20.48.

Several equities analysts have recently commented on BSAC shares. The Goldman Sachs Group upgraded shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $21.00 in a report on Tuesday, August 20th. StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Itau BBA Securities upgraded Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Wednesday, June 12th. Finally, Berenberg Bank upgraded shares of Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th.

Banco Santander-Chile Trading Up 2.9 %

Shares of NYSE BSAC opened at $20.88 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.83 and a debt-to-equity ratio of 3.60. Banco Santander-Chile has a 12 month low of $16.89 and a 12 month high of $21.19. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 0.43 and a beta of 0.86. The business has a fifty day simple moving average of $20.14 and a 200-day simple moving average of $19.55.

Banco Santander-Chile (NYSE:BSAC) last announced its earnings results on Wednesday, July 31st. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Banco Santander-Chile had a net margin of 11.84% and a return on equity of 11.87%. The firm had revenue of $599.94 million for the quarter, compared to analyst estimates of $693.44 million. Sell-side analysts predict that Banco Santander-Chile will post 1.82 EPS for the current year.

Hedge Funds Weigh In On Banco Santander-Chile

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. lifted its holdings in Banco Santander-Chile by 900.5% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 165,285 shares of the bank’s stock valued at $3,107,000 after purchasing an additional 148,764 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in Banco Santander-Chile in the 2nd quarter valued at $248,000. Sei Investments Co. boosted its stake in Banco Santander-Chile by 0.5% in the second quarter. Sei Investments Co. now owns 328,744 shares of the bank’s stock worth $6,190,000 after purchasing an additional 1,553 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Banco Santander-Chile by 30.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock valued at $366,000 after buying an additional 4,515 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Banco Santander-Chile by 5.6% in the second quarter. American Century Companies Inc. now owns 154,030 shares of the bank’s stock valued at $2,900,000 after buying an additional 8,138 shares during the last quarter. 6.42% of the stock is owned by institutional investors.

Banco Santander-Chile Company Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.