Banco Santander Chile (NYSE:BSAC) Stock Rating Upgraded by Wall Street Zen

Banco Santander Chile (NYSE:BSAC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

BSAC has been the subject of several other reports. Citigroup raised Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a research report on Friday, July 17th. Erste Group Bank upgraded shares of Banco Santander Chile to a “strong-buy” rating in a research note on Tuesday, May 5th. Zacks Research raised shares of Banco Santander Chile from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, UBS Group decreased their price target on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.40.

Banco Santander Chile Price Performance

NYSE BSAC opened at $34.52 on Friday. Banco Santander Chile has a twelve month low of $23.31 and a twelve month high of $37.72. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.48 and a current ratio of 1.72. The stock has a market capitalization of $16.26 billion, a PE ratio of 13.18, a P/E/G ratio of 0.86 and a beta of 0.52. The stock has a 50-day simple moving average of $33.41 and a 200 day simple moving average of $33.28.

Banco Santander Chile (NYSE:BSAC) last announced its earnings results on Tuesday, June 30th. The bank reported $0.87 earnings per share for the quarter. The firm had revenue of $905.26 million during the quarter. Banco Santander Chile had a return on equity of 22.94% and a net margin of 27.04%. Research analysts anticipate that Banco Santander Chile will post 2.92 EPS for the current year.

Institutional Trading of Banco Santander Chile

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Banco Santander Chile in the second quarter valued at $33,000. Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 1,309 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Banco Santander Chile by 199.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after buying an additional 1,007 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Banco Santander Chile by 577.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after buying an additional 1,329 shares during the period. Finally, Barclays PLC increased its holdings in Banco Santander Chile by 703.0% in the 4th quarter. Barclays PLC now owns 2,666 shares of the bank’s stock valued at $83,000 after buying an additional 2,334 shares during the period. 6.42% of the stock is currently owned by institutional investors.

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.