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

Banco Santander Chile (NYSE:BSAC) has been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $35.20.

A number of research analysts recently commented on BSAC shares. Zacks Research downgraded shares of Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. dropped their price objective on 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. Wall Street Zen raised Banco Santander Chile from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. The Goldman Sachs Group lifted their target price on Banco Santander Chile from $29.00 to $33.00 and gave the stock a “sell” rating in a report on Thursday, July 16th. 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.

Banco Santander Chile Stock Performance

NYSE BSAC opened at $31.52 on Friday. The business’s 50 day moving average is $33.72 and its two-hundred day moving average is $33.45. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 0.78 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 has a 12-month low of $27.96 and a 12-month high of $37.72.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in Banco Santander Chile in the 2nd quarter worth approximately $35,000. EverSource Wealth Advisors LLC raised its position in shares of Banco Santander Chile by 63.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,688 shares of the bank’s stock valued at $56,000 after buying an additional 653 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Banco Santander Chile during the third quarter worth about $78,000. Public Employees Retirement System of Ohio purchased a new stake in Banco Santander Chile in the second quarter worth approximately $90,000. Finally, Parallel Advisors LLC grew its holdings in shares of Banco Santander Chile by 73.6% during the 1st quarter. Parallel Advisors LLC now owns 4,895 shares of the bank’s stock valued at $163,000 after purchasing an additional 2,076 shares during the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

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.