Banco Santander-Chile (NASDAQ:BSAC) has received an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $26.33.

A number of equities analysts recently commented on BSAC shares. Zacks Investment Research upgraded Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) lifted their price objective on Banco Santander-Chile from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, May 2nd. BidaskClub upgraded Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Finally, UBS AG lowered Banco Santander-Chile from a “neutral” rating to a “sell” rating and raised their target price for the stock from $24.00 to $27.00 in a research report on Tuesday, August 22nd.

COPYRIGHT VIOLATION WARNING: This story was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://theolympiareport.com/2017/08/27/banco-santander-chile-bsac-receives-consensus-rating-of-hold-from-analysts.html.

Shares of Banco Santander-Chile (NASDAQ BSAC) traded up 0.54% during midday trading on Tuesday, hitting $29.78. 512,452 shares of the stock were exchanged. The firm has a 50-day moving average of $27.94 and a 200-day moving average of $25.06. Banco Santander-Chile has a 1-year low of $20.22 and a 1-year high of $30.18. The company has a market capitalization of $14.03 billion and a P/E ratio of 18.61.

Banco Santander-Chile (NASDAQ:BSAC) last issued its earnings results on Friday, July 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $704.02 million during the quarter, compared to the consensus estimate of $458.92 million. Banco Santander-Chile had a return on equity of 20.58% and a net margin of 29.10%. During the same period last year, the company earned $0.40 EPS. On average, equities analysts expect that Banco Santander-Chile will post $1.79 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank boosted its position in Banco Santander-Chile by 4.7% in the second quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock worth $121,000 after buying an additional 212 shares during the period. O Shaughnessy Asset Management LLC raised its position in Banco Santander-Chile by 24.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,879 shares of the bank’s stock valued at $122,000 after buying an additional 967 shares during the last quarter. FNY Partners Fund LP acquired a new position in Banco Santander-Chile during the first quarter valued at approximately $125,000. Global X Management Co. LLC raised its position in Banco Santander-Chile by 27.4% in the first quarter. Global X Management Co. LLC now owns 7,497 shares of the bank’s stock valued at $188,000 after buying an additional 1,612 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in Banco Santander-Chile during the first quarter valued at approximately $224,000.

About Banco Santander-Chile

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.

Receive News & Ratings for Banco Santander-Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander-Chile and related companies with Analyst Ratings Network's FREE daily email newsletter.