Banco Santander-Chile (BSAC) Receives Consensus Rating of “Hold” from Analysts
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.
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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.
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