Brokerages Set Banco Santander Chile (NYSE:BSAC) Target Price at $27.67

Shares of Banco Santander Chile (NYSE:BSAC) have been given a consensus recommendation of “Reduce” by the five analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $27.6667.

A number of research firms recently weighed in on BSAC. UBS Group raised their target price on shares of Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Wall Street Zen lowered shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup cut shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. upped their target price on shares of Banco Santander Chile from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, October 8th.

Banco Santander Chile Price Performance

Shares of Banco Santander Chile stock opened at $31.27 on Friday. The stock has a 50 day moving average of $29.75 and a 200 day moving average of $26.58. Banco Santander Chile has a 12 month low of $18.19 and a 12 month high of $31.67. The firm has a market cap of $14.73 billion, a PE ratio of 13.48, a PEG ratio of 0.79 and a beta of 0.58. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.51.

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

Institutional Investors Weigh In On Banco Santander Chile

Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. raised its holdings in Banco Santander Chile by 31.6% during the 2nd quarter. American Century Companies Inc. now owns 271,733 shares of the bank’s stock valued at $6,853,000 after buying an additional 65,264 shares during the period. SBI Securities Co. Ltd. boosted its stake in Banco Santander Chile by 462,111.1% during the second quarter. SBI Securities Co. Ltd. now owns 124,797 shares of the bank’s stock worth $3,147,000 after buying an additional 124,770 shares during the period. XTX Topco Ltd bought a new position in Banco Santander Chile during the second quarter valued at $983,000. Savant Capital LLC bought a new position in Banco Santander Chile during the second quarter valued at $226,000. Finally, TT International Asset Management LTD purchased a new stake in shares of Banco Santander Chile in the third quarter valued at $24,685,000. 6.42% of the stock is owned by institutional investors.

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.