Banco Santander-Chile (BSAC) Stock Rating Upgraded by Credit Suisse Group AG
Banco Santander-Chile (NASDAQ:BSAC) was upgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a report issued on Thursday. The firm currently has a $25.00 price objective on the stock, up from their previous price objective of $20.00. Credit Suisse Group AG’s target price would suggest a potential upside of 12.26% from the company’s current price.
BSAC has been the topic of a number of other research reports. Bank of America Corp. reiterated an “underperform” rating and set a $20.00 target price on shares of Banco Santander-Chile in a report on Wednesday, September 7th. Zacks Investment Research upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th.
Shares of Banco Santander-Chile (NASDAQ:BSAC) opened at 22.27 on Thursday. The firm has a 50 day moving average price of $21.45 and a 200 day moving average price of $20.29. The company has a market capitalization of $10.49 billion and a price-to-earnings ratio of 13.92. Banco Santander-Chile has a 52 week low of $15.69 and a 52 week high of $23.14.
Hedge funds have recently bought and sold shares of the company. Global X Management Co. LLC increased its stake in Banco Santander-Chile by 0.4% in the third quarter. Global X Management Co. LLC now owns 6,135 shares of the company’s stock valued at $127,000 after buying an additional 22 shares during the last quarter. Huntington National Bank increased its stake in Banco Santander-Chile by 139.5% in the third quarter. Huntington National Bank now owns 6,743 shares of the company’s stock valued at $140,000 after buying an additional 3,928 shares during the last quarter. Sei Investments Co. bought a new stake in Banco Santander-Chile during the third quarter valued at $230,000. BlackRock Institutional Trust Company N.A. increased its stake in Banco Santander-Chile by 86.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 12,198 shares of the company’s stock valued at $252,000 after buying an additional 5,659 shares during the last quarter. Finally, 1st Global Advisors Inc. bought a new stake in Banco Santander-Chile during the third quarter valued at $257,000.
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.
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