Banco Santander Chile (NYSE:BSAC) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Banco Santander Chile (NYSE:BSAC) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

A number of other brokerages have also issued reports on BSAC. The Goldman Sachs Group raised their price target on Banco Santander Chile from $29.00 to $33.00 and gave the stock a “sell” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. dropped their price objective on Banco Santander Chile from $43.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Zacks Research downgraded Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings lowered Banco Santander Chile from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.20.

Banco Santander Chile Stock Performance

Banco Santander Chile stock opened at $32.66 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.72 and a quick ratio of 0.48. The firm has a market capitalization of $15.39 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.82 and a beta of 0.58. Banco Santander Chile has a 1-year low of $28.65 and a 1-year high of $37.72. The company’s 50-day moving average is $33.27 and its 200 day moving average is $33.41.

Banco Santander Chile (NYSE:BSAC) last announced its earnings results on Tuesday, October 13th. The bank reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $720.33 million during the quarter. Banco Santander Chile had a return on equity of 23.55% and a net margin of 26.85%. Research analysts forecast that Banco Santander Chile will post 2.91 EPS for the current year.

Institutional Trading of Banco Santander Chile

Institutional investors and hedge funds have recently made changes to their positions in the company. Nykredit A S purchased a new stake in shares of Banco Santander Chile in the 2nd quarter worth approximately $1,414,000. ABS Direct Equity Fund LLC bought a new position in shares of Banco Santander Chile during the second quarter valued at approximately $1,317,000. SPX Gestao de Recursos Ltda purchased a new position in Banco Santander Chile during the first quarter valued at approximately $1,886,000. Dimensional Fund Advisors LP increased its holdings in Banco Santander Chile by 9.8% during the first quarter. Dimensional Fund Advisors LP now owns 643,160 shares of the bank’s stock valued at $21,461,000 after buying an additional 57,400 shares during the period. Finally, Advisors Preferred LLC increased its holdings in Banco Santander Chile by 74.3% during the first quarter. Advisors Preferred LLC now owns 35,333 shares of the bank’s stock valued at $1,180,000 after buying an additional 15,061 shares during the period. 6.42% of the stock is currently owned by institutional investors.

Banco Santander Chile Company Profile