Wall Street Zen Upgrades Banco Santander Chile (NYSE:BSAC) to Hold

by · The Markets Daily

Banco Santander Chile (NYSE:BSAC – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

BSAC has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Citigroup lowered shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. Finally, UBS Group upped their price objective on shares of Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $27.67.

Get Our Latest Analysis on BSAC

Banco Santander Chile Trading Down 0.7%

Banco Santander Chile stock opened at $31.03 on Monday. 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 company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.78 and a beta of 0.58. Banco Santander Chile has a one year low of $18.19 and a one year high of $31.54. The company’s fifty day moving average price is $29.45 and its two-hundred day moving average price is $26.40.

Banco Santander Chile (NYSE:BSAC – Get Free Report) last announced its quarterly earnings results on Monday, November 17th. The bank reported $0.99 earnings per share for the quarter. The company had revenue of $740.10 million during the quarter. Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%. On average, analysts forecast that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in Banco Santander Chile by 31.6% in the second 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 in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Banco Santander Chile by 462,111.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 124,797 shares of the bank’s stock worth $3,147,000 after acquiring an additional 124,770 shares in the last quarter. XTX Topco Ltd bought a new stake in Banco Santander Chile during the 2nd quarter worth approximately $983,000. Savant Capital LLC acquired a new stake in Banco Santander Chile during the 2nd quarter valued at $226,000. Finally, TT International Asset Management LTD bought a new position in Banco Santander Chile in the 3rd quarter valued at $24,685,000. Institutional investors own 6.42% of the company’s stock.

About Banco Santander Chile

(Get Free Report)

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.

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