Banco Santander Chile (NYSE:BSAC) Hits New 52-Week High – Here’s What Happened

Banco Santander Chile (NYSE:BSAC)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $31.81 and last traded at $31.7850, with a volume of 46432 shares. The stock had previously closed at $31.20.

Analyst Ratings Changes

A number of brokerages have commented on BSAC. JPMorgan Chase & Co. boosted their price objective on shares of Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. UBS Group boosted their price target on Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Citigroup lowered Banco Santander Chile from a “buy” rating to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Tuesday, December 30th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $27.67.

Banco Santander Chile Price Performance

The company has a debt-to-equity ratio of 2.51, a current ratio of 1.84 and a quick ratio of 1.84. The company has a fifty day moving average price of $29.99 and a 200 day moving average price of $26.77. The company has a market capitalization of $14.70 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 0.71 and a beta of 0.56.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings data on Monday, November 17th. The bank reported $0.99 earnings per share (EPS) for the quarter. The business had revenue of $740.10 million during the quarter. Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%. On average, sell-side analysts forecast that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

Institutional Trading of Banco Santander Chile

Hedge funds have recently bought and sold shares of the company. Cardinal Capital Management raised its position in shares of Banco Santander Chile by 0.9% during the second quarter. Cardinal Capital Management now owns 99,974 shares of the bank’s stock valued at $2,521,000 after buying an additional 875 shares during the last quarter. Simplex Trading LLC acquired a new stake in Banco Santander Chile during the second quarter worth about $25,000. PNC Financial Services Group Inc. increased its stake in Banco Santander Chile by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 11,470 shares of the bank’s stock valued at $304,000 after acquiring an additional 1,037 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Banco Santander Chile by 10.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 11,625 shares of the bank’s stock valued at $307,000 after acquiring an additional 1,123 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Banco Santander Chile by 5.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,789 shares of the bank’s stock worth $600,000 after acquiring an additional 1,275 shares during the period. 6.42% of the stock is currently owned by institutional investors.

About Banco Santander Chile

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.