Banco Santander-Chile (BSAC) Stock Rating Lowered by UBS AG
Banco Santander-Chile (NASDAQ:BSAC) was downgraded by analysts at UBS AG from a “neutral” rating to a “sell” rating in a research note issued to investors on Tuesday. They currently have a $27.00 price objective on the bank’s stock, up from their prior price objective of $24.00. UBS AG’s price objective indicates a potential downside of 8.16% from the stock’s previous close.
A number of other research analysts have also recently commented on BSAC. BidaskClub cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Zacks Investment Research raised Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) upped their price target on Banco Santander-Chile from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.60.
Shares of Banco Santander-Chile (NASDAQ:BSAC) opened at 29.40 on Tuesday. Banco Santander-Chile has a 52 week low of $20.22 and a 52 week high of $30.02. The firm has a market cap of $13.85 billion and a P/E ratio of 18.38. The stock has a 50 day moving average of $27.70 and a 200 day moving average of $24.96.
Banco Santander-Chile (NASDAQ:BSAC) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Banco Santander-Chile had a return on equity of 20.58% and a net margin of 29.10%. The firm had revenue of $704.02 million for the quarter, compared to analysts’ expectations of $458.92 million. During the same quarter in the prior year, the firm earned $0.40 EPS. Analysts anticipate that Banco Santander-Chile will post $1.79 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Banco Santander-Chile (BSAC) Stock Rating Lowered by UBS AG” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/banco-santander-chile-bsac-stock-rating-lowered-by-ubs-ag/1519566.html.
Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its stake in Banco Santander-Chile by 5.2% in the fourth quarter. Macquarie Group Ltd. now owns 36,570 shares of the bank’s stock worth $800,000 after buying an additional 1,800 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Banco Santander-Chile by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 9,924,349 shares of the bank’s stock worth $248,904,000 after buying an additional 940,607 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in Banco Santander-Chile during the first quarter worth about $224,000. World Asset Management Inc raised its stake in Banco Santander-Chile by 1.5% in the first quarter. World Asset Management Inc now owns 29,348 shares of the bank’s stock worth $736,000 after buying an additional 445 shares during the last quarter. Finally, Comerica Bank raised its stake in Banco Santander-Chile by 1.3% in the first quarter. Comerica Bank now owns 27,055 shares of the bank’s stock worth $638,000 after buying an additional 352 shares during the last quarter.
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.
Receive News & Ratings for Banco Santander-Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander-Chile and related companies with Analyst Ratings Network's FREE daily email newsletter.