Banco Santander Chile (NYSE:BSAC) Stock Has Average Price Target of $35.20

Shares of Banco Santander Chile (NYSE:BSAC) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $35.20.

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. lowered their target price on shares of Banco Santander Chile from $43.00 to $39.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. Zacks Research downgraded shares of Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Weiss Ratings raised shares of Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Finally, The Goldman Sachs Group upped their price target on shares of Banco Santander Chile from $29.00 to $33.00 and gave the company a “sell” rating in a report on Thursday, July 16th.

Banco Santander Chile Price Performance

NYSE BSAC opened at $31.67 on Friday. Banco Santander Chile has a fifty-two week low of $27.91 and a fifty-two week high of $37.72. The stock’s 50-day moving average is $33.99 and its two-hundred day moving average is $33.29. The firm has a market cap of $14.92 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 0.79 and a beta of 0.49. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.72 and a quick ratio of 0.48.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings results on Tuesday, October 13th. The bank reported $0.44 earnings per share (EPS) for the quarter. The company had revenue of $624.15 million during the quarter. Banco Santander Chile had a return on equity of 22.94% and a net margin of 27.04%. On average, analysts anticipate that Banco Santander Chile will post 2.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BSAC. INCA Investments LLC lifted its position in shares of Banco Santander Chile by 18.8% during the first quarter. INCA Investments LLC now owns 1,263,892 shares of the bank’s stock worth $42,214,000 after purchasing an additional 199,618 shares in the last quarter. WD Rutherford LLC bought a new position in Banco Santander Chile in the 1st quarter worth approximately $3,905,000. Deprince Race & Zollo Inc. lifted its holdings in Banco Santander Chile by 78.7% during the 1st quarter. Deprince Race & Zollo Inc. now owns 193,499 shares of the bank’s stock worth $6,463,000 after buying an additional 85,215 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Banco Santander Chile by 9.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 643,160 shares of the bank’s stock worth $21,461,000 after buying an additional 57,400 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda acquired a new position in Banco Santander Chile during the 1st quarter worth $1,886,000. 6.42% of the stock is owned by institutional investors.

About Banco Santander Chile

Banco Santander Chile (NYSE: BSAC) is a commercial bank headquartered in Santiago, Chile. It provides banking and financial services to individuals, small and midsize businesses, corporations, and institutional clients throughout Chile. The bank operates as part of the global Santander Group, headquartered in Spain.

Its products and services include checking and savings accounts, credit and debit cards, consumer and residential mortgage loans, commercial lending, working-capital financing, and other forms of credit.