Banco Santander-Chile (NYSE:BSAC) Reaches New 52-Week High – What’s Next?

Shares of Banco Santander-Chile (NYSE:BSAC) hit a new 52-week high during trading on Wednesday . The company traded as high as $23.80 and last traded at $23.53, with a volume of 14277 shares. The stock had previously closed at $23.57.

Analyst Upgrades and Downgrades

Separately, Bank of America cut Banco Santander-Chile from a “buy” rating to a “neutral” rating and cut their price target for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.33.

Banco Santander-Chile Stock Performance

The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83. The company’s fifty day simple moving average is $21.61 and its two-hundred day simple moving average is $20.29. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79.

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

Institutional Trading of Banco Santander-Chile

Several institutional investors have recently added to or reduced their stakes in BSAC. Tower Research Capital LLC TRC boosted its holdings in shares of Banco Santander-Chile by 601.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the bank’s stock valued at $34,000 after buying an additional 1,552 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Banco Santander-Chile by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock valued at $58,000 after acquiring an additional 903 shares during the period. R Squared Ltd bought a new position in shares of Banco Santander-Chile during the fourth quarter valued at approximately $61,000. Atlas Capital Advisors Inc. raised its position in shares of Banco Santander-Chile by 12.3% during the 4th quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank’s stock worth $149,000 after purchasing an additional 863 shares during the period. Finally, Natixis Advisors LLC bought a new stake in shares of Banco Santander-Chile in the 3rd quarter worth approximately $212,000. Institutional investors own 6.42% of the company’s stock.

About Banco Santander-Chile

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.