Banco Santander Chile (NYSE:BSAC) Sets New 12-Month High – Time to Buy?

by · The Markets Daily

Banco Santander Chile (NYSE:BSAC – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.37 and last traded at $30.8320, with a volume of 31201 shares. The stock had previously closed at $30.82.

Analyst Ratings Changes

A number of equities analysts have weighed in on BSAC shares. UBS Group upped their price target on shares of Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Citigroup cut Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, November 7th. JPMorgan Chase & Co. upped their price objective on Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $27.67.

View Our Latest Analysis on BSAC

Banco Santander Chile Stock Down 0.1%

The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.51. The stock has a market capitalization of $14.50 billion, a P/E ratio of 13.29, a PEG ratio of 0.75 and a beta of 0.58. The company has a fifty day moving average price of $28.82 and a 200-day moving average price of $26.05.

Banco Santander Chile (NYSE:BSAC – Get Free Report) last announced its quarterly earnings results on Monday, November 17th. The bank reported $0.99 EPS 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%. As a group, research analysts forecast that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco Santander Chile

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of Banco Santander Chile by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock worth $82,507,000 after buying an additional 17,119 shares during the last quarter. Verition Fund Management LLC purchased a new position in Banco Santander Chile in the third quarter worth about $1,240,000. Qube Research & Technologies Ltd lifted its stake in shares of Banco Santander Chile by 19.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 525,577 shares of the bank’s stock valued at $13,928,000 after purchasing an additional 85,964 shares during the last quarter. Creative Planning raised its stake in shares of Banco Santander Chile by 18.8% in the third quarter. Creative Planning now owns 20,016 shares of the bank’s stock valued at $530,000 after acquiring an additional 3,162 shares during the period. Finally, Qtron Investments LLC bought a new stake in shares of Banco Santander Chile in the 3rd quarter worth about $623,000. 6.42% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Chile Company Profile

(Get Free Report)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.

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