Banco Santander-Chile (NYSE:BSAC) Sets New 12-Month High – What’s Next?

Banco Santander-Chile (NYSE:BSAC)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $23.80 and last traded at $23.53, with a volume of 14277 shares traded. The stock had previously closed at $23.57.

Analyst Upgrades and Downgrades

Separately, Bank of America cut Banco Santander-Chile from a “buy” rating to a “neutral” rating and lowered their target price for the company from $22.00 to $21.00 in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.33.

Banco Santander-Chile Price Performance

The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The stock’s 50-day moving average is $21.79 and its 200-day moving average is $20.34. The firm has a market cap of $11.06 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Friday, January 31st. The bank reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. As a group, equities analysts anticipate that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BSAC. JPMorgan Chase & Co. increased its holdings in Banco Santander-Chile by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank’s stock valued at $81,533,000 after buying an additional 75,888 shares during the period. State Street Corp increased its stake in Banco Santander-Chile by 25.3% in the third quarter. State Street Corp now owns 293,049 shares of the bank’s stock valued at $6,084,000 after acquiring an additional 59,215 shares during the period. Jane Street Group LLC acquired a new position in Banco Santander-Chile in the third quarter worth about $527,000. Franklin Resources Inc. lifted its stake in Banco Santander-Chile by 1.1% during the third quarter. Franklin Resources Inc. now owns 3,164,490 shares of the bank’s stock worth $63,859,000 after purchasing an additional 33,291 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Banco Santander-Chile by 42.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,092 shares of the bank’s stock valued at $2,378,000 after purchasing an additional 37,660 shares in 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, 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.