Banco Santander Chile (NYSE:BSAC) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Banco Santander Chile (NYSE:BSAC – Free Report) from a sell rating to a hold rating in a research report released on Saturday morning.

Several other brokerages have also issued reports on BSAC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, January 21st. 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 research report on Monday, November 10th. The Goldman Sachs Group downgraded shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Finally, Citigroup downgraded Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, November 7th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Banco Santander Chile presently has an average rating of “Reduce” and a consensus target price of $27.67.

Check Out Our Latest Stock Analysis on BSAC

Banco Santander Chile Trading Down 1.9%

Shares of BSAC stock opened at $35.45 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.51. Banco Santander Chile has a fifty-two week low of $20.77 and a fifty-two week high of $37.72. The stock’s fifty day moving average price is $33.84 and its two-hundred day moving average price is $29.56.

Banco Santander Chile (NYSE:BSAC – Get Free Report) last released its quarterly earnings data on Monday, February 9th. The bank reported $0.62 earnings per share for the quarter. Banco Santander Chile had a return on equity of 23.25% and a net margin of 24.57%.The business had revenue of $740.07 million for the quarter. On average, equities analysts forecast that Banco Santander Chile will post 2.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TT International Asset Management LTD acquired a new stake in shares of Banco Santander Chile in the third quarter valued at about $24,685,000. Robeco Institutional Asset Management B.V. boosted its holdings in Banco Santander Chile by 200.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 832,647 shares of the bank’s stock valued at $22,065,000 after acquiring an additional 555,919 shares during the last quarter. USS Investment Management Ltd increased its position in Banco Santander Chile by 45.5% during the 4th quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock valued at $48,603,000 after purchasing an additional 488,676 shares during the period. INCA Investments LLC raised its holdings in Banco Santander Chile by 48.8% during the 4th quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock worth $33,110,000 after purchasing an additional 349,082 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Banco Santander Chile by 221.0% during the 4th quarter. Millennium Management LLC now owns 271,827 shares of the bank’s stock worth $8,457,000 after purchasing an additional 187,151 shares during the last quarter. 6.42% of the stock is owned by institutional investors and hedge funds.

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.

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