Shares of Banco Santander-Chile (NYSE:BSAC) have been assigned an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $33.00.

BSAC has been the topic of several research reports. JPMorgan Chase & Co. raised Banco Santander-Chile from a “neutral” rating to a “buy” rating and dropped their price target for the company from $35.00 to $34.00 in a report on Thursday, September 6th. ValuEngine cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research raised Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurich Insurance Group Ltd FI purchased a new position in Banco Santander-Chile during the 2nd quarter worth approximately $317,000. Blackhawk Capital Partners LLC. grew its position in Banco Santander-Chile by 122.4% during the 2nd quarter. Blackhawk Capital Partners LLC. now owns 10,528 shares of the bank’s stock worth $331,000 after purchasing an additional 5,795 shares in the last quarter. Citadel Advisors LLC purchased a new position in Banco Santander-Chile during the 2nd quarter worth approximately $358,000. Henry James International Management Inc. purchased a new position in Banco Santander-Chile during the 3rd quarter worth approximately $757,000. Finally, Crossmark Global Holdings Inc. grew its position in Banco Santander-Chile by 46.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,154 shares of the bank’s stock worth $836,000 after purchasing an additional 8,276 shares in the last quarter. 14.21% of the stock is currently owned by institutional investors.

NYSE BSAC opened at $31.08 on Friday. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.16 and a beta of 0.87. Banco Santander-Chile has a 1 year low of $26.41 and a 1 year high of $35.09. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 3.19.

Banco Santander-Chile (NYSE:BSAC) last posted its quarterly earnings results on Wednesday, October 31st. The bank reported $0.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The company had revenue of $591.48 million for the quarter, compared to analysts’ expectations of $712.84 million. Banco Santander-Chile had a return on equity of 18.20% and a net margin of 22.48%. As a group, analysts anticipate that Banco Santander-Chile will post 2.07 EPS for the current year.

About Banco Santander-Chile

Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.

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