Banco Santander-Chile (BSAC) Given Average Recommendation of “Hold” by Brokerages
Banco Santander-Chile (NYSE:BSAC) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the company. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $21.38.
Separately, Bank of America Corp. downgraded Banco Santander-Chile from a “buy” rating to an “underperform” rating in a report on Wednesday, September 7th.
Shares of Banco Santander-Chile (NYSE:BSAC) traded up 0.0539% during trading on Thursday, reaching $20.6011. 184,019 shares of the company were exchanged. The firm has a market capitalization of $9.71 billion, a P/E ratio of 12.8757 and a beta of 1.05. The firm’s 50 day moving average is $20.93 and its 200 day moving average is $19.92. Banco Santander-Chile has a 1-year low of $15.69 and a 1-year high of $22.62.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in Banco Santander-Chile by 339.6% in the first quarter. Renaissance Technologies LLC now owns 622,927 shares of the company’s stock worth $12,054,000 after buying an additional 481,227 shares in the last quarter. OLD Mission Capital LLC purchased a new position in Banco Santander-Chile during the first quarter worth about $211,000. Goldman Sachs Group Inc. increased its position in Banco Santander-Chile by 20.2% in the first quarter. Goldman Sachs Group Inc. now owns 168,499 shares of the company’s stock worth $3,261,000 after buying an additional 28,280 shares in the last quarter. Scotia Capital Inc. purchased a new position in Banco Santander-Chile during the first quarter worth about $793,000. Finally, Lazard Asset Management LLC purchased a new position in Banco Santander-Chile during the first quarter worth about $239,000. Hedge funds and other institutional investors own 17.72% of the company’s stock.
Banco Santander-Chile Company Profile
Banco Santander-Chile is a Chilean bank. The Company provides commercial and retail banking services to its customers. Its commercial and retail banking services include Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a line of retail banking services, including mortgage financing.
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