Banco Santander Chile (NYSE:BSAC) Receives $27.67 Consensus Target Price from Analysts

Banco Santander Chile (NYSE:BSAC) has been assigned a consensus rating of “Reduce” from the six ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.6667.

BSAC has been the topic of a number of analyst reports. Citigroup lowered Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, November 7th. UBS Group boosted their price target on Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Wall Street Zen lowered Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Tuesday, December 30th. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group lowered shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th.

Banco Santander Chile Stock Down 0.3%

Shares of BSAC opened at $35.59 on Friday. The company has a 50-day moving average of $33.64 and a two-hundred day moving average of $29.30. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.51. Banco Santander Chile has a one year low of $20.77 and a one year high of $37.72.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings results on Monday, February 9th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Santander Chile had a net margin of 24.57% and a return on equity of 23.25%. The business had revenue of $740.07 million during the quarter. As a group, equities analysts anticipate that Banco Santander Chile will post 2.07 earnings per share for the current year.

Hedge Funds Weigh In On Banco Santander Chile

A number of institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in Banco Santander Chile by 18.3% in the 4th quarter. Invesco Ltd. now owns 43,551 shares of the bank’s stock valued at $1,355,000 after acquiring an additional 6,745 shares during the period. Corient Private Wealth LLC acquired a new stake in Banco Santander Chile during the fourth quarter worth about $292,000. Vident Advisory LLC raised its holdings in shares of Banco Santander Chile by 6.6% during the 4th quarter. Vident Advisory LLC now owns 32,634 shares of the bank’s stock worth $1,015,000 after buying an additional 2,007 shares in the last quarter. Millennium Management LLC lifted its stake in Banco Santander Chile by 221.0% in the 4th quarter. Millennium Management LLC now owns 271,827 shares of the bank’s stock valued at $8,457,000 after purchasing an additional 187,151 shares during the last quarter. Finally, Laird Norton Wetherby Trust Company LLC acquired a new position in Banco Santander Chile in the 4th quarter worth about $531,000. Institutional investors and hedge funds 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.