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.

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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.

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