Banco Santander Chile (NYSE:BSAC) Stock Has Consensus Price Target of $35.40 According to Brokerages

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

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

Institutional Investors Weigh In On Banco Santander Chile

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. USS Investment Management Ltd increased its position in shares of Banco Santander Chile by 45.5% during the 4th quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock valued at $48,603,000 after purchasing an additional 488,676 shares during the last quarter. INCA Investments LLC boosted its stake in shares of Banco Santander Chile by 18.8% during the 1st 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 during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 57,400 shares during the period. Bank of America Corp DE grew its holdings in Banco Santander Chile by 1.6% during the 1st quarter. Bank of America Corp DE now owns 298,791 shares of the bank’s stock valued at $9,980,000 after purchasing an additional 4,663 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew 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 valued at $6,463,000 after purchasing an additional 85,215 shares during the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Chile Price Performance

NYSE:BSAC opened at $31.93 on Monday. The business’s 50-day moving average is $34.72 and its 200 day moving average is $33.29. Banco Santander Chile has a 12 month low of $26.03 and a 12 month high of $37.72. The company has a market capitalization of $15.04 billion, a P/E ratio of 12.19, a P/E/G ratio of 0.77 and a beta of 0.49. The company has a current ratio of 1.72, a quick ratio of 0.48 and a debt-to-equity ratio of 2.06.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings results on Tuesday, June 30th. The bank reported $0.87 earnings per share for the quarter. The business had revenue of $905.26 million during the quarter. Banco Santander Chile had a return on equity of 22.94% and a net margin of 27.04%. On average, equities research analysts forecast that Banco Santander Chile will post 2.99 earnings per share for the current fiscal year.

Banco Santander Chile Company Profile

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.