Banco Santander Chile (NYSE:BSAC) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Banco Santander Chile (NYSE:BSAC) from a hold rating to a sell rating in a report published on Tuesday.

Other equities research analysts also recently issued research reports about the company. Citigroup downgraded Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, October 8th. UBS Group raised their price target on Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Santander Chile has a consensus rating of “Reduce” and a consensus price target of $27.67.

Banco Santander Chile Stock Up 0.1%

BSAC stock opened at $31.32 on Tuesday. Banco Santander Chile has a fifty-two week low of $18.19 and a fifty-two week high of $31.67. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.78 and a beta of 0.58. The business’s fifty day moving average price is $29.82 and its two-hundred day moving average price is $26.63.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings data on Monday, November 17th. The bank reported $0.99 earnings per share (EPS) for the quarter. Banco Santander Chile had a net margin of 24.74% and a return on equity of 22.18%. The firm had revenue of $740.10 million during the quarter. On average, equities analysts anticipate that Banco Santander Chile will post 2.07 earnings per share for the current year.

Institutional Trading of Banco Santander Chile

A number of large investors have recently bought and sold shares of the business. Simplex Trading LLC bought a new stake in shares of Banco Santander Chile during the 2nd quarter valued at about $25,000. Raymond James Financial Inc. acquired a new position in Banco Santander Chile in the second quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Banco Santander Chile by 577.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after buying an additional 1,329 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Banco Santander Chile by 380.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,532 shares of the bank’s stock worth $89,000 after buying an additional 2,797 shares during the period. Finally, Quadrant Capital Group LLC bought a new stake in shares of Banco Santander Chile in the 3rd quarter valued at $152,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

About Banco Santander Chile

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.