Banco Santander Chile (NYSE:BSAC) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Banco Santander Chile (NYSE:BSAC – Free Report) from a sell rating to a hold rating in a report published on Monday.

BSAC has been the subject of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Citigroup cut Banco Santander Chile from a “buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, UBS Group increased their price objective on Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $27.67.

Get Our Latest Report on BSAC

Banco Santander Chile Stock Performance

NYSE:BSAC opened at $31.33 on Monday. The firm has a market capitalization of $14.76 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.78 and a beta of 0.58. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.84 and a quick ratio of 1.84. The business’s fifty day moving average price is $29.53 and its 200 day moving average price is $26.44. Banco Santander Chile has a 12 month low of $18.19 and a 12 month high of $31.54.

Banco Santander Chile (NYSE:BSAC – Get Free Report) last released its quarterly earnings data on Monday, November 17th. The bank reported $0.99 EPS for the quarter. Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%.The business had revenue of $740.10 million for the quarter. On average, sell-side analysts anticipate that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Santander Chile

A number of hedge funds and other institutional investors have recently bought and sold shares of BSAC. TT International Asset Management LTD purchased a new position in Banco Santander Chile during the third quarter worth approximately $24,685,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Banco Santander Chile by 200.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 832,647 shares of the bank’s stock valued at $22,065,000 after buying an additional 555,919 shares during the period. INCA Investments LLC increased its holdings in shares of Banco Santander Chile by 36.4% during the 3rd quarter. INCA Investments LLC now owns 715,192 shares of the bank’s stock worth $18,953,000 after buying an additional 191,014 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Banco Santander Chile by 120.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 254,585 shares of the bank’s stock worth $6,747,000 after buying an additional 139,015 shares during the period. Finally, Strs Ohio acquired a new position in Banco Santander Chile in the first quarter valued at $2,990,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

About Banco Santander Chile

(Get Free Report)

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.

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