Banco Santander-Chile’s (BSAC) “Neutral” Rating Reiterated at Credit Suisse Group AG

Banco Santander-Chile (NASDAQ:BSAC)‘s stock had its “neutral” rating reaffirmed by equities researchers at Credit Suisse Group AG in a research report issued to clients and investors on Wednesday, April 19th. They presently have a $26.00 target price on the bank’s stock, up from their previous target price of $25.00. Credit Suisse Group AG’s price target points to a potential upside of 7.62% from the stock’s previous close.

Separately, Zacks Investment Research upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating and set a $28.00 price objective on the stock in a report on Thursday, April 6th.

Banco Santander-Chile (NASDAQ:BSAC) traded up 1.77% during midday trading on Wednesday, hitting $24.16. The stock had a trading volume of 357,093 shares. Banco Santander-Chile has a 1-year low of $17.83 and a 1-year high of $25.55. The stock’s 50-day moving average is $24.29 and its 200-day moving average is $22.90. The company has a market capitalization of $11.38 billion and a PE ratio of 15.10.

The business also recently declared an annual dividend, which was paid on Thursday, May 4th. Shareholders of record on Friday, April 21st were issued a dividend of $0.687 per share. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a yield of 4.36%.

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A number of institutional investors have recently made changes to their positions in BSAC. Summit Global Investments bought a new position in shares of Banco Santander-Chile during the first quarter valued at approximately $563,000. FNY Partners Fund LP bought a new position in shares of Banco Santander-Chile during the first quarter valued at approximately $125,000. Credit Suisse AG increased its position in shares of Banco Santander-Chile by 2.2% in the first quarter. Credit Suisse AG now owns 346,588 shares of the bank’s stock valued at $8,692,000 after buying an additional 7,540 shares during the period. AQR Capital Management LLC increased its position in shares of Banco Santander-Chile by 11.1% in the first quarter. AQR Capital Management LLC now owns 3,001,448 shares of the bank’s stock valued at $75,276,000 after buying an additional 299,298 shares during the period. Finally, NS Partners Ltd increased its position in shares of Banco Santander-Chile by 4.0% in the first quarter. NS Partners Ltd now owns 51,263 shares of the bank’s stock valued at $1,286,000 after buying an additional 1,983 shares during the period.

About Banco Santander-Chile

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.

12 Month Chart for NASDAQ:BSAC

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