Banco Santander Chile (NYSE:BSAC) Stock Now Rated “Hold” by Sell-Side Analysts

Banco Santander Chile (NYSE:BSAC) has been given an average rating of “Hold” by the nine brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $35.40.

Several equities research analysts have commented on the stock. Citigroup upgraded shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Weiss Ratings raised Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. The Goldman Sachs Group boosted their target price on shares of Banco Santander Chile from $29.00 to $33.00 and gave the company a “sell” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Zacks Research lowered Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th.

Institutional Investors Weigh In On Banco Santander Chile

Institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in Banco Santander Chile in the second quarter valued at $35,000. EverSource Wealth Advisors LLC lifted its stake in Banco Santander Chile by 63.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,688 shares of the bank’s stock worth $56,000 after purchasing an additional 653 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Banco Santander Chile during the 2nd quarter valued at about $90,000. Parallel Advisors LLC lifted its holdings in Banco Santander Chile by 73.6% in the 1st quarter. Parallel Advisors LLC now owns 4,895 shares of the bank’s stock worth $163,000 after buying an additional 2,076 shares during the period. Finally, Global Retirement Partners LLC lifted its position in Banco Santander Chile by 11,750.9% during the 4th quarter. Global Retirement Partners LLC now owns 6,755 shares of the bank’s stock valued at $210,000 after acquiring an additional 6,698 shares during the period. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Price Performance

Banco Santander Chile stock opened at $31.93 on Monday. Banco Santander Chile has a one year low of $26.03 and a one year high of $37.72. The company has a market cap of $15.04 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.79 and a beta of 0.49. The business has a fifty day moving average of $34.72 and a two-hundred day moving average of $33.27. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.48 and a current ratio of 1.72.

Banco Santander Chile (NYSE:BSAC) last announced its earnings results on Tuesday, June 30th. The bank reported $0.87 earnings per share (EPS) for the quarter. The firm had revenue of $905.26 million for the quarter. Banco Santander Chile had a net margin of 27.04% and a return on equity of 22.94%. As a group, analysts predict that Banco Santander Chile will post 2.99 earnings per share for the current fiscal year.

About Banco Santander Chile

Banco Santander Chile is a Chilean financial institution and a subsidiary of Spain-based Banco Santander. Listed on the New York Stock Exchange under the symbol BSAC, the bank provides banking and financial services to individuals, small and medium-sized businesses, middle-market companies, and large corporations throughout Chile.

Its principal offerings include consumer and commercial loans, mortgages, checking and savings accounts, credit and debit cards, insurance-related products, investment and wealth-management services, and payment and cash-management solutions.