Banco Santander Chile (NYSE:BSAC) Receives Consensus Recommendation of “Reduce” from Analysts

by · The Cerbat Gem

Banco Santander Chile (NYSE:BSAC – Get Free Report) has received a consensus rating of “Reduce” from the five analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $27.6667.

Several research firms have weighed in on BSAC. Citigroup cut Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. Wall Street Zen downgraded shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price target 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. UBS Group lifted their price objective on shares of Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, October 8th.

Get Our Latest Stock Analysis on BSAC

Banco Santander Chile Trading Down 0.9%

Shares of NYSE:BSAC opened at $31.07 on Friday. Banco Santander Chile has a 12-month low of $18.19 and a 12-month high of $31.67. The business has a 50 day moving average of $29.88 and a 200-day moving average of $26.66. 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 cap of $14.64 billion, a PE ratio of 13.39, a P/E/G ratio of 0.78 and a beta of 0.58.

Banco Santander Chile (NYSE:BSAC – Get Free Report) last announced its 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 for the quarter. Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%. As a group, equities research analysts forecast that Banco Santander Chile will post 2.07 earnings per share for the current year.

Institutional Investors Weigh In On Banco Santander Chile

A number of large investors have recently added to or reduced their stakes in BSAC. Invesco Ltd. increased its stake in Banco Santander Chile by 23.4% during the 1st quarter. Invesco Ltd. now owns 37,702 shares of the bank’s stock worth $860,000 after acquiring an additional 7,158 shares during the period. American Century Companies Inc. increased its position in shares of Banco Santander Chile by 9.4% in the first quarter. American Century Companies Inc. now owns 206,469 shares of the bank’s stock worth $4,707,000 after purchasing an additional 17,661 shares during the period. Vident Advisory LLC increased its position in shares of Banco Santander Chile by 182.4% in the first quarter. Vident Advisory LLC now owns 40,330 shares of the bank’s stock worth $920,000 after purchasing an additional 26,048 shares during the period. AQR Capital Management LLC raised its stake in Banco Santander Chile by 457.1% in the first quarter. AQR Capital Management LLC now owns 107,076 shares of the bank’s stock valued at $2,441,000 after purchasing an additional 87,856 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in Banco Santander Chile by 31.6% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 43,388 shares of the bank’s stock worth $989,000 after purchasing an additional 10,420 shares during the period. Institutional investors and hedge funds 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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