Analysts Set Banco Santander Chile (NYSE:BSAC) Target Price at $27.67

Banco Santander Chile (NYSE:BSAC) has earned an average rating of “Reduce” from the six brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $27.6667.

Several equities research analysts recently issued reports on the stock. Citigroup lowered shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, November 7th. The Goldman Sachs Group downgraded shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, January 21st. UBS Group increased their price target on Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Finally, Wall Street Zen raised Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Saturday.

Institutional Investors Weigh In On Banco Santander Chile

Several institutional investors and hedge funds have recently modified their holdings of BSAC. JPMorgan Chase & Co. boosted its position in shares of Banco Santander Chile by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock worth $82,507,000 after acquiring an additional 17,119 shares during the last quarter. Vanguard Group Inc. lifted its stake in Banco Santander Chile by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,599,117 shares of the bank’s stock worth $49,749,000 after purchasing an additional 5,660 shares in the last quarter. USS Investment Management Ltd boosted its holdings in shares of Banco Santander Chile by 45.5% during the 4th quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock valued at $48,603,000 after purchasing an additional 488,676 shares during the last quarter. INCA Investments LLC grew its position in shares of Banco Santander Chile by 48.8% during the fourth quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock valued at $33,110,000 after purchasing an additional 349,082 shares in the last quarter. Finally, TT International Asset Management LTD bought a new stake in shares of Banco Santander Chile in the third quarter worth about $24,685,000. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Stock Performance

Shares of BSAC stock opened at $36.14 on Friday. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.84 and a quick ratio of 1.84. Banco Santander Chile has a 1 year low of $20.77 and a 1 year high of $37.72. The firm has a fifty day moving average price of $33.74 and a 200-day moving average price of $29.43.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings results on Monday, February 9th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Santander Chile had a return on equity of 23.25% and a net margin of 24.57%.The business had revenue of $740.07 million during the quarter. As a group, sell-side analysts anticipate that Banco Santander Chile will post 2.07 earnings per share for the current year.

Banco Santander Chile Company Profile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.