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

Banco Santander-Chile (NYSE:BSAC)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $22.93 and last traded at $22.83, with a volume of 156420 shares trading hands. The stock had previously closed at $22.41.

Wall Street Analyst Weigh In

Separately, Bank of America cut Banco Santander-Chile from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $22.00 to $21.00 in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.33.

Banco Santander-Chile Trading Up 1.3 %

The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.96 and a beta of 0.83. The company has a fifty day moving average of $20.96 and a 200-day moving average of $20.16.

Banco Santander-Chile (NYSE:BSAC) last released its earnings results on Friday, January 31st. The bank reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a return on equity of 19.15% and a net margin of 19.16%. As a group, equities research analysts anticipate that Banco Santander-Chile will post 2.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vident Advisory LLC lifted its stake in Banco Santander-Chile by 18.1% in the 4th quarter. Vident Advisory LLC now owns 14,282 shares of the bank’s stock worth $269,000 after purchasing an additional 2,192 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Banco Santander-Chile by 63.3% during the 4th quarter. Two Sigma Advisers LP now owns 115,841 shares of the bank’s stock valued at $2,185,000 after buying an additional 44,900 shares during the period. Two Sigma Investments LP raised its position in shares of Banco Santander-Chile by 41.1% during the 4th quarter. Two Sigma Investments LP now owns 145,280 shares of the bank’s stock valued at $2,740,000 after buying an additional 42,302 shares during the period. Point72 Asset Management L.P. raised its position in shares of Banco Santander-Chile by 90.3% during the 4th quarter. Point72 Asset Management L.P. now owns 82,700 shares of the bank’s stock valued at $1,560,000 after buying an additional 39,241 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in shares of Banco Santander-Chile during the 4th quarter valued at approximately $369,000. 6.42% of the stock is owned by hedge funds and other institutional investors.

Banco Santander-Chile Company Profile

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.