Banco Santander Chile (BSAC) Downgraded by Citigroup to “Neutral”

Citigroup cut shares of Banco Santander Chile (NYSE:BSAC) from a buy rating to a neutral rating in a research report sent to investors on Friday, MarketBeat reports.

Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Banco Santander Chile from a hold rating to a buy rating and set a $33.00 price objective on the stock in a report on Thursday, November 16th. BidaskClub lowered shares of Banco Santander Chile from a buy rating to a hold rating in a report on Sunday, November 5th. Scotia Howard Weill lowered shares of Banco Santander Chile from an outperform rating to a sector perform rating in a report on Tuesday, October 24th. Finally, UBS lowered shares of Banco Santander Chile from a neutral rating to a sell rating and increased their price objective for the stock from $24.00 to $27.00 in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $28.00.

Banco Santander Chile (NYSE BSAC) opened at $27.11 on Friday. The stock has a market cap of $12,932.11, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.37 and a beta of 0.69. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.75. Banco Santander Chile has a 1-year low of $21.21 and a 1-year high of $32.02.

Several hedge funds have recently made changes to their positions in BSAC. Global X Management Co. LLC lifted its holdings in shares of Banco Santander Chile by 1.4% during the 2nd quarter. Global X Management Co. LLC now owns 7,605 shares of the bank’s stock worth $193,000 after acquiring an additional 108 shares during the period. Invictus RG acquired a new stake in Banco Santander Chile during the 3rd quarter worth approximately $217,000. Timber Hill LLC acquired a new stake in Banco Santander Chile during the 3rd quarter worth approximately $252,000. Stevens Capital Management LP acquired a new stake in Banco Santander Chile during the 3rd quarter worth approximately $286,000. Finally, Financial Counselors Inc. increased its position in Banco Santander Chile by 2.8% during the 2nd quarter. Financial Counselors Inc. now owns 12,623 shares of the bank’s stock worth $321,000 after purchasing an additional 346 shares in the last quarter. Institutional investors and hedge funds own 21.75% of the company’s stock.

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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.

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