Banco Santander Chile (NYSE:BSAC) Receives $35.40 Average Price Target from Analysts

Shares of Banco Santander Chile (NYSE:BSAC) have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $35.40.

BSAC has been the subject of a number of research analyst reports. Weiss Ratings upgraded Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Zacks Research cut shares of Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. UBS Group dropped their price objective on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Finally, Citigroup upgraded shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a report on Thursday, June 25th.

Hedge Funds Weigh In On Banco Santander Chile

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Banco Santander Chile during the second quarter worth $33,000. EverSource Wealth Advisors LLC boosted its holdings in Banco Santander Chile by 577.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,329 shares during the period. Farther Finance Advisors LLC boosted its holdings in Banco Santander Chile by 199.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,007 shares during the period. Smartleaf Asset Management LLC grew its stake in Banco Santander Chile by 739.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock worth $47,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Barclays PLC grew its stake in Banco Santander Chile by 703.0% during the 4th quarter. Barclays PLC now owns 2,666 shares of the bank’s stock worth $83,000 after purchasing an additional 2,334 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander Chile Stock Down 0.5%

Banco Santander Chile stock opened at $35.68 on Thursday. 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 firm has a 50 day moving average price of $34.31 and a 200 day moving average price of $33.17. Banco Santander Chile has a fifty-two week low of $25.23 and a fifty-two week high of $37.72. The company has a market capitalization of $16.81 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.86 and a beta of 0.51.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings results on Tuesday, June 30th. The bank reported $0.87 EPS for the quarter. The business 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 expect that Banco Santander Chile will post 2.99 earnings per share for the current year.

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.