Banco Santander Chile (NYSE:BSAC) Given Average Rating of “Hold” by Analysts

Banco Santander Chile (NYSE:BSAC) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $36.00.

BSAC has been the topic of several research reports. Itau BBA Securities upgraded Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a report on Monday, April 20th. Finally, UBS Group lowered their target price on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd.

Banco Santander Chile Stock Down 2.5%

BSAC opened at $31.44 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.48 and a quick ratio of 0.48. The company’s 50-day moving average is $32.08 and its 200 day moving average is $32.77. Banco Santander Chile has a fifty-two week low of $22.77 and a fifty-two week high of $37.72. The firm has a market capitalization of $14.81 billion, a P/E ratio of 13.55, a PEG ratio of 0.76 and a beta of 0.52.

Banco Santander Chile (NYSE:BSAC) last released its earnings results on Monday, April 13th. The bank reported $0.63 EPS for the quarter. The company had revenue of $791.52 million for the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%. Research analysts expect that Banco Santander Chile will post 2.85 earnings per share for the current fiscal year.

Institutional Trading of Banco Santander Chile

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its position in shares of Banco Santander Chile by 8.8% in the first quarter. Sequoia Financial Advisors LLC now owns 7,645 shares of the bank’s stock worth $255,000 after purchasing an additional 618 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Banco Santander Chile by 63.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,688 shares of the bank’s stock worth $56,000 after acquiring an additional 653 shares during the last quarter. Wells Fargo & Company MN increased its stake in Banco Santander Chile by 22.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,949 shares of the bank’s stock valued at $123,000 after acquiring an additional 731 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Banco Santander Chile by 6.9% in the first quarter. PNC Financial Services Group Inc. now owns 11,629 shares of the bank’s stock valued at $388,000 after acquiring an additional 755 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Banco Santander Chile by 29.1% in the fourth quarter. Advisors Asset Management Inc. now owns 3,398 shares of the bank’s stock valued at $106,000 after acquiring an additional 766 shares during the last quarter. 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.