Banco Santander-Chile (NYSE:BSAC) Given Average Recommendation of “Hold” by Brokerages

Banco Santander-Chile (NYSE:BSAC) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $31.00.

A number of analysts have issued reports on BSAC shares. Zacks Investment Research downgraded shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Friday, August 9th. HSBC upgraded shares of Banco Santander-Chile from a “reduce” rating to a “hold” rating in a report on Thursday, July 18th. Goldman Sachs Group started coverage on shares of Banco Santander-Chile in a report on Tuesday. They issued a “neutral” rating and a $30.00 target price on the stock. ValuEngine downgraded shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Scotia Howard Weill upgraded shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 25th.

Several institutional investors have recently bought and sold shares of BSAC. Bank of Montreal Can increased its holdings in shares of Banco Santander-Chile by 121,425.0% in the 1st quarter. Bank of Montreal Can now owns 19,444 shares of the bank’s stock worth $578,000 after buying an additional 19,428 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Banco Santander-Chile during the 1st quarter worth about $731,000. JPMorgan Chase & Co. boosted its stake in shares of Banco Santander-Chile by 0.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,106,818 shares of the bank’s stock worth $151,928,000 after purchasing an additional 30,780 shares during the period. Todd Asset Management LLC boosted its stake in shares of Banco Santander-Chile by 1.1% during the 1st quarter. Todd Asset Management LLC now owns 640,064 shares of the bank’s stock worth $19,042,000 after purchasing an additional 7,119 shares during the period. Finally, Commonwealth Bank of Australia boosted its stake in shares of Banco Santander-Chile by 5.0% during the 1st quarter. Commonwealth Bank of Australia now owns 59,222 shares of the bank’s stock worth $1,758,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 12.62% of the company’s stock.

NYSE BSAC traded up $0.18 on Friday, reaching $29.16. The company had a trading volume of 3,835 shares, compared to its average volume of 197,748. The company has a quick ratio of 1.75, a current ratio of 1.82 and a debt-to-equity ratio of 3.23. The stock has a market capitalization of $13.43 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 2.21 and a beta of 0.65. The firm’s 50 day moving average price is $28.52 and its 200 day moving average price is $29.34. Banco Santander-Chile has a 12 month low of $27.06 and a 12 month high of $33.32.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings results on Friday, July 26th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. The company had revenue of $646.11 million for the quarter, compared to the consensus estimate of $683.74 million. Banco Santander-Chile had a net margin of 22.24% and a return on equity of 17.28%. On average, research analysts expect that Banco Santander-Chile will post 1.89 EPS for the current year.

Banco Santander-Chile Company Profile

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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