Banco Santander-Chile (BSAC) Stock Rating Reaffirmed by Credit Suisse Group AG

Banco Santander-Chile (NASDAQ:BSAC)‘s stock had its “neutral” rating reissued by Credit Suisse Group AG in a note issued to investors on Wednesday. They currently have a $26.00 price objective on the bank’s stock, up from their prior price objective of $25.00. Credit Suisse Group AG’s target price points to a potential upside of 9.84% from the stock’s previous close.

Separately, Zacks Investment Research raised Banco Santander-Chile from a “sell” rating to a “hold” rating and set a $28.00 price target for the company in a research note on Thursday, April 6th.

Banco Santander-Chile (NASDAQ:BSAC) opened at 23.67 on Wednesday. The firm has a market cap of $11.15 billion and a P/E ratio of 14.79. The company has a 50-day moving average price of $24.19 and a 200-day moving average price of $22.47. Banco Santander-Chile has a 12-month low of $17.83 and a 12-month high of $25.55.

Banco Santander-Chile (NASDAQ:BSAC) last issued its quarterly earnings results on Tuesday, January 31st. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.05. The firm earned $633.32 million during the quarter, compared to the consensus estimate of $662.27 million. During the same period last year, the firm posted $0.44 earnings per share. On average, analysts predict that Banco Santander-Chile will post $1.69 earnings per share for the current year.

The firm also recently announced an annual dividend, which will be paid on Thursday, May 4th. Investors of record on Friday, April 21st will be given a dividend of $0.687 per share. The ex-dividend date is Wednesday, April 19th. This represents a dividend yield of 4.36%.

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Several large investors have recently made changes to their positions in the stock. Harding Loevner LP raised its stake in shares of Banco Santander-Chile by 2.4% in the first quarter. Harding Loevner LP now owns 6,150,156 shares of the bank’s stock valued at $154,246,000 after buying an additional 146,400 shares during the last quarter. Mondrian Investment Partners LTD raised its stake in shares of Banco Santander-Chile by 3.0% in the third quarter. Mondrian Investment Partners LTD now owns 2,340,532 shares of the bank’s stock valued at $48,426,000 after buying an additional 68,000 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Banco Santander-Chile by 54.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,571,413 shares of the bank’s stock valued at $34,367,000 after buying an additional 554,640 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Banco Santander-Chile by 21.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,248,927 shares of the bank’s stock valued at $27,314,000 after buying an additional 219,000 shares during the last quarter. Finally, Todd Asset Management LLC raised its stake in shares of Banco Santander-Chile by 171.1% in the third quarter. Todd Asset Management LLC now owns 734,661 shares of the bank’s stock valued at $15,200,000 after buying an additional 463,643 shares during the last quarter.

Banco Santander-Chile Company Profile

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.

5 Day Chart for NASDAQ:BSAC

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