Banco Santander-Chile (BSAC) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research cut shares of Banco Santander-Chile (NYSE:BSAC) from a buy rating to a hold rating in a research report report published on Monday.
According to Zacks, “Banco Santiago is the largest bank in Chile, in terms of assets with Ch$4,088 billion (approximately US$9.86 billion ) as of March 31, 1997. The bank is the result of the merger of two of the largest institutions in the Chilean banking system, Banco O’Higgins S.A., mainly a corporate bank, and Banco de Santiago S.A., mainly focused in consumer and middle-market lending. “
A number of other equities analysts have also issued reports on the stock. BidaskClub lowered shares of Banco Santander-Chile from a buy rating to a hold rating in a research report on Sunday, November 5th. Scotia Howard Weill downgraded shares of Banco Santander-Chile from an outperform rating to a sector perform rating in a research note on Tuesday, October 24th. Finally, Citigroup downgraded shares of Banco Santander-Chile from a buy rating to a neutral rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Banco Santander-Chile currently has a consensus rating of Hold and an average price target of $29.00.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Invictus RG bought a new stake in shares of Banco Santander-Chile during the third quarter worth approximately $217,000. Timber Hill LLC bought a new stake in shares of Banco Santander-Chile during the third quarter worth approximately $252,000. Stevens Capital Management LP bought a new stake in shares of Banco Santander-Chile during the third quarter worth approximately $286,000. Financial Counselors Inc. raised its stake in shares of Banco Santander-Chile by 2.8% during the second quarter. Financial Counselors Inc. now owns 12,623 shares of the bank’s stock worth $321,000 after buying an additional 346 shares during the last quarter. Finally, TD Asset Management Inc. bought a new stake in shares of Banco Santander-Chile during the third quarter worth approximately $341,000. 16.66% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/01/12/banco-santander-chile-bsac-lowered-to-hold-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Banco Santander-Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander-Chile and related companies with MarketBeat.com's FREE daily email newsletter.