Banco Santander Chile (NYSE:BSAC) Given Consensus Recommendation of “Hold” by Analysts

Shares of Banco Santander Chile (NYSE:BSAC) have received a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $36.00.

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a report on Monday, April 20th. Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. JPMorgan Chase & Co. upgraded shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a report on Monday, March 30th. Morgan Stanley set a $38.00 price objective on shares of Banco Santander Chile in a report on Wednesday, March 11th. Finally, 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.

Banco Santander Chile Stock Down 3.0%

BSAC stock opened at $30.96 on Tuesday. The stock has a market capitalization of $14.59 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.76 and a beta of 0.53. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.26. Banco Santander Chile has a 12 month low of $22.77 and a 12 month high of $37.72. The firm has a 50-day moving average price of $32.50 and a 200-day moving average price of $32.53.

Banco Santander Chile (NYSE:BSAC) last posted its earnings results on Monday, April 13th. The bank reported $0.63 EPS for the quarter. The firm had revenue of $791.52 million during the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. As a group, equities research analysts anticipate that Banco Santander Chile will post 2.85 EPS for the current fiscal year.

Institutional Trading of Banco Santander Chile

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSAC. Raymond James Financial Inc. acquired a new stake in Banco Santander Chile during the 2nd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC increased its position in Banco Santander Chile by 577.8% during the 2nd 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 increased its position in Banco Santander Chile by 199.8% during the 4th 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 increased its position 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 valued at $47,000 after purchasing an additional 1,309 shares during the period. Finally, Barclays PLC increased its position in Banco Santander Chile by 703.0% during the 4th quarter. Barclays PLC now owns 2,666 shares of the bank’s stock valued at $83,000 after purchasing an additional 2,334 shares during the period. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander Chile Company Profile

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.