Banco Santander-Chile (BSAC) Upgraded to “Outperform” by Scotia Howard Weill
Several other research analysts also recently commented on BSAC. Goldman Sachs Group, Inc. (The) raised their price objective on shares of Banco Santander-Chile from $23.00 to $26.00 and gave the stock a neutral rating in a report on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Banco Santander-Chile from a buy rating to a hold rating in a report on Monday, June 5th. Finally, BidaskClub downgraded shares of Banco Santander-Chile from a buy rating to a hold rating in a report on Friday, June 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $25.60.
Shares of Banco Santander-Chile (NASDAQ BSAC) traded up 0.54% during mid-day trading on Friday, reaching $29.78. The company had a trading volume of 512,452 shares. Banco Santander-Chile has a 12 month low of $20.22 and a 12 month high of $30.18. The company has a market capitalization of $14.03 billion and a price-to-earnings ratio of 18.61. The firm’s 50-day moving average is $27.94 and its 200 day moving average is $25.06.
Banco Santander-Chile (NASDAQ:BSAC) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The company had revenue of $704.02 million during the quarter, compared to the consensus estimate of $458.92 million. Banco Santander-Chile had a net margin of 29.10% and a return on equity of 20.58%. During the same period last year, the firm earned $0.40 EPS. On average, equities research analysts predict that Banco Santander-Chile will post $1.79 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in BSAC. Macquarie Group Ltd. increased its position in shares of Banco Santander-Chile by 5.2% in the fourth quarter. Macquarie Group Ltd. now owns 36,570 shares of the bank’s stock valued at $800,000 after buying an additional 1,800 shares during the last quarter. Profund Advisors LLC increased its position in shares of Banco Santander-Chile by 102.6% in the first quarter. Profund Advisors LLC now owns 23,607 shares of the bank’s stock valued at $592,000 after buying an additional 11,956 shares during the last quarter. Strs Ohio increased its position in shares of Banco Santander-Chile by 446.4% in the first quarter. Strs Ohio now owns 611,999 shares of the bank’s stock valued at $15,348,000 after buying an additional 500,000 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Banco Santander-Chile by 58.8% in the first quarter. Canada Pension Plan Investment Board now owns 271,592 shares of the bank’s stock valued at $6,812,000 after buying an additional 100,523 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Banco Santander-Chile during the first quarter valued at approximately $224,000.
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.
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