Banco Santander Chile (NYSE:BSAC) Given Consensus Rating of “Moderate Buy” by Brokerages

Banco Santander Chile (NYSE:BSAC) has received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $35.40.

Several research analysts have recently commented on the company. Bank of America upgraded Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research report on Wednesday, April 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a research note on Friday. UBS Group lowered their target price on Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Citigroup raised Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. upgraded shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price target on the stock in a research note on Monday, March 30th.

Banco Santander Chile Stock Performance

Shares of BSAC stock opened at $33.95 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market cap of $16.00 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.80 and a beta of 0.52. The firm’s 50 day moving average price is $32.10 and its 200-day moving average price is $33.10. Banco Santander Chile has a one year low of $22.77 and a one year high of $37.72.

Banco Santander Chile (NYSE:BSAC) last posted its earnings results on Friday, July 10th. The bank reported $0.88 earnings per share for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. As a group, equities research analysts predict that Banco Santander Chile will post 2.79 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Banco Santander Chile during the 2nd quarter worth approximately $33,000. EverSource Wealth Advisors LLC grew its stake in shares of Banco Santander Chile by 577.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after acquiring an additional 1,329 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Banco Santander Chile by 199.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after acquiring an additional 1,007 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Banco Santander Chile by 739.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock worth $47,000 after acquiring an additional 1,309 shares during the period. Finally, Barclays PLC increased its position in shares of Banco Santander Chile by 703.0% during the fourth quarter. Barclays PLC now owns 2,666 shares of the bank’s stock worth $83,000 after acquiring an additional 2,334 shares during the period. Institutional investors and hedge funds own 6.42% of the company’s stock.

About Banco Santander Chile

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.