Banco Santander Chile (NYSE:BSAC) Hits New 52-Week High – Time to Buy?

by · The Markets Daily

Banco Santander Chile (NYSE:BSAC – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $33.59 and last traded at $33.5410, with a volume of 24707 shares. The stock had previously closed at $32.92.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BSAC. Citigroup cut shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. Wall Street Zen lowered Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Tuesday, December 30th. The Goldman Sachs Group downgraded Banco Santander Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Finally, UBS Group increased their target price on Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $27.67.

Check Out Our Latest Research Report on BSAC

Banco Santander Chile Stock Up 2.6%

The company has a market capitalization of $15.91 billion, a PE ratio of 14.57, a P/E/G ratio of 1.08 and a beta of 0.56. The stock’s fifty day moving average is $30.90 and its two-hundred day moving average is $27.46. 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 – Get Free Report) last announced its quarterly earnings data on Monday, November 17th. The bank reported $0.99 earnings per share for the quarter. Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%.The business had revenue of $740.10 million during the quarter. As a group, analysts predict that Banco Santander Chile will post 2.07 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Simplex Trading LLC bought a new stake in Banco Santander Chile during the second quarter valued at $25,000. Raymond James Financial Inc. purchased a new position in shares of Banco Santander Chile during the second quarter worth about $33,000. EverSource Wealth Advisors LLC increased its position in shares of Banco Santander Chile by 577.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after purchasing an additional 1,329 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Banco Santander Chile by 380.5% in the second quarter. Hantz Financial Services Inc. now owns 3,532 shares of the bank’s stock valued at $89,000 after purchasing an additional 2,797 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in Banco Santander Chile during the third quarter valued at approximately $152,000. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Chile Company Profile

(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.

See Also