Banco Santander-Chile (BSAC) Cut to Buy at BidaskClub
Banco Santander-Chile (NASDAQ:BSAC) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
Several other equities research analysts have also commented on the stock. Scotia Howard Weill raised shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 25th. UBS AG lowered shares of Banco Santander-Chile from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $24.00 to $27.00 in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research lowered shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $25.60.
Banco Santander-Chile (NASDAQ BSAC) opened at 29.25 on Friday. The company has a market cap of $13.78 billion and a PE ratio of 18.28. The company has a 50-day moving average of $28.34 and a 200 day moving average of $25.27. Banco Santander-Chile has a 12 month low of $20.22 and a 12 month high of $30.18.
Banco Santander-Chile (NASDAQ:BSAC) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. Banco Santander-Chile had a net margin of 29.10% and a return on equity of 20.58%. The business had revenue of $704.02 million for the quarter, compared to analyst estimates of $458.92 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. On average, equities analysts forecast that Banco Santander-Chile will post $1.79 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. increased its position in shares of Banco Santander-Chile by 5.2% in the fourth quarter. Macquarie Group Ltd. now owns 36,570 shares of the bank’s stock valued at $800,000 after buying an additional 1,800 shares in the last quarter. Profund Advisors LLC increased its position in shares of Banco Santander-Chile by 102.6% in the first quarter. Profund Advisors LLC now owns 23,607 shares of the bank’s stock valued at $592,000 after buying an additional 11,956 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Banco Santander-Chile by 58.8% in the first quarter. Canada Pension Plan Investment Board now owns 271,592 shares of the bank’s stock valued at $6,812,000 after buying an additional 100,523 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Banco Santander-Chile during the first quarter valued at about $224,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Banco Santander-Chile during the first quarter valued at about $428,000.
About Banco Santander-Chile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.
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