Banco Santander-Chile (NYSE:BSAC) Receives Average Rating of “Hold” from Analysts

Shares of Banco Santander-Chile (NYSE:BSAC) have received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $20.48.

A number of brokerages recently issued reports on BSAC. Berenberg Bank upgraded Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group raised Banco Santander-Chile from a “sell” rating to a “neutral” rating and increased their price objective for the company from $18.00 to $21.00 in a report on Tuesday, August 20th. StockNews.com raised Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, Itau BBA Securities upgraded Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Wednesday, June 12th.

Banco Santander-Chile Stock Performance

BSAC opened at $21.25 on Friday. The company has a market cap of $10.01 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 0.42 and a beta of 0.86. The company has a quick ratio of 1.86, a current ratio of 1.83 and a debt-to-equity ratio of 3.60. The firm’s 50-day moving average price is $20.15 and its 200-day moving average price is $19.57. Banco Santander-Chile has a 52-week low of $16.89 and a 52-week high of $21.27.

Banco Santander-Chile (NYSE:BSAC) last issued its quarterly earnings results on Wednesday, July 31st. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The company had revenue of $599.94 million for the quarter, compared to analyst estimates of $693.44 million. Banco Santander-Chile had a net margin of 11.84% and a return on equity of 11.87%. As a group, equities analysts anticipate that Banco Santander-Chile will post 1.82 EPS for the current fiscal year.

Institutional Trading of Banco Santander-Chile

A number of hedge funds have recently modified their holdings of BSAC. Allspring Global Investments Holdings LLC lifted its holdings in Banco Santander-Chile by 0.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock valued at $53,228,000 after acquiring an additional 23,000 shares during the period. RWC Asset Management LLP increased its holdings in shares of Banco Santander-Chile by 60.5% during the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock valued at $14,999,000 after purchasing an additional 300,257 shares in the last quarter. AGF Management Ltd. lifted its stake in shares of Banco Santander-Chile by 6.5% in the 2nd quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock valued at $7,584,000 after purchasing an additional 24,697 shares during the period. Sei Investments Co. lifted its stake in shares of Banco Santander-Chile by 0.5% in the 2nd quarter. Sei Investments Co. now owns 328,744 shares of the bank’s stock valued at $6,190,000 after purchasing an additional 1,553 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Banco Santander-Chile by 7.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 268,013 shares of the bank’s stock valued at $5,315,000 after buying an additional 18,789 shares during the period. Hedge funds and other institutional investors own 6.42% of the company’s stock.

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.