Scotia Howard Weill upgraded shares of Banco Santander-Chile (NASDAQ:BSAC) from a sector perform rating to an outperform rating in a report published on Friday.

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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