Banco Santander-Chile (BSAC) Lowered to Hold at BidaskClub
BidaskClub downgraded shares of Banco Santander-Chile (NASDAQ:BSAC) from a buy rating to a hold rating in a research report report published on Friday morning.
BSAC has been the subject of several other reports. Zacks Investment Research lowered shares of Banco Santander-Chile from a buy rating to a hold rating in a research report on Monday, June 26th. UBS AG lowered shares of Banco Santander-Chile from a neutral rating to a sell rating and upped their target price for the stock from $24.00 to $27.00 in a research report on Tuesday, August 22nd. Finally, Scotia Howard Weill upgraded shares of Banco Santander-Chile from a sector perform rating to an outperform rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $27.00.
Banco Santander-Chile (BSAC) opened at 29.44 on Friday. The company has a market capitalization of $13.87 billion and a PE ratio of 18.40. The stock has a 50 day moving average price of $29.27 and a 200-day moving average price of $25.89. Banco Santander-Chile has a 52 week low of $20.22 and a 52 week high of $30.18.
Banco Santander-Chile (NASDAQ:BSAC) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $704.02 million during the quarter, compared to analyst estimates 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 in the previous year, the business earned $0.40 EPS. On average, equities analysts predict that Banco Santander-Chile will post $1.82 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Todd Asset Management LLC grew its position in Banco Santander-Chile by 0.9% in the second quarter. Todd Asset Management LLC now owns 729,985 shares of the bank’s stock worth $18,549,000 after acquiring an additional 6,470 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Banco Santander-Chile by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 9,924,349 shares of the bank’s stock worth $248,904,000 after purchasing an additional 940,607 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in Banco Santander-Chile in the first quarter worth $224,000. World Asset Management Inc lifted its stake in Banco Santander-Chile by 1.5% in the first quarter. World Asset Management Inc now owns 29,348 shares of the bank’s stock worth $736,000 after purchasing an additional 445 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its stake in Banco Santander-Chile by 1.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 23,294,310 shares of the bank’s stock worth $591,908,000 after purchasing an additional 290,600 shares during the last quarter.
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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