Goldman Sachs Group assumed coverage on shares of Banco Santander-Chile (NYSE:BSAC) in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. The firm issued a neutral rating and a $30.00 price target on the bank’s stock.
Other equities research analysts have also recently issued reports about the company. HSBC raised Banco Santander-Chile from a reduce rating to a hold rating in a research note on Thursday, July 18th. Zacks Investment Research cut Banco Santander-Chile from a hold rating to a sell rating in a research note on Friday, August 9th. ValuEngine cut Banco Santander-Chile from a buy rating to a hold rating in a research note on Wednesday, July 31st. Finally, Scotia Howard Weill raised Banco Santander-Chile from a sector perform rating to an outperform rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Banco Santander-Chile presently has an average rating of Hold and a consensus target price of $31.00.
NYSE:BSAC opened at $28.98 on Tuesday. Banco Santander-Chile has a 52 week low of $27.06 and a 52 week high of $33.32. 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 company has a market capitalization of $13.43 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.21 and a beta of 0.65. The stock’s fifty day moving average is $28.52 and its two-hundred day moving average is $29.34.
Several hedge funds and other institutional investors have recently modified their holdings of BSAC. Bank of Montreal Can grew its stake in Banco Santander-Chile by 121,425.0% during the 1st quarter. Bank of Montreal Can now owns 19,444 shares of the bank’s stock worth $578,000 after purchasing an additional 19,428 shares in the last quarter. Stevens Capital Management LP acquired a new position in Banco Santander-Chile during the 1st quarter worth $731,000. JPMorgan Chase & Co. grew its stake in 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 in the last quarter. Todd Asset Management LLC grew its stake in 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 in the last quarter. Finally, Commonwealth Bank of Australia grew its stake in 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 in the last quarter. 12.62% of the stock is owned by institutional investors and hedge funds.
About Banco Santander-Chile
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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