Banco Santander-Chile (NYSE: BSAC) Receives Average “Hold” Recommendation From Analysts


Banco Santander-Chile (NYSE: BSAC) received an average “Hold” recommendation from the six rating companies currently hedging the stock, MarketBeat reports. Three research analysts rated the stock with a keep recommendation and two gave the company a buy recommendation. The 1-year average price target among analysts who reported on the stock in the past year is $ 27.00.

The BSAC has been the subject of a number of recent research reports. Scotiabank downgraded Banco Santander-Chile shares from an “outperformance” rating to a “sector performance” rating in a research report published on Wednesday, July 7. Zacks Investment Research downgraded Banco Santander-Chile shares from a “strong buy” rating to a “conservation” rating in a research report released on Friday, July 16.

NYSE BSAC shares opened at $ 19.77 on Friday. The company has a 50-day moving average price of $ 20.03 and a 200-day moving average price of $ 21.39. The company has a quick ratio of 1.96, a current ratio of 1.96, and a debt ratio of 4.07. Banco Santander-Chile has a 52-week minimum of $ 13.31 and a 52-week maximum of $ 26.15. The stock has a market cap of $ 9.31 billion, a price / earnings ratio of 10.35, a price / earnings-growth ratio of 0.71, and a beta of 0.81.

Banco Santander-Chile (NYSE: BSAC) last reported its quarterly results on Thursday, July 29. The bank reported earnings per share of $ 0.54 for the quarter, beating analyst consensus estimates of $ 0.52 by $ 0.02. The company posted revenue of $ 709.58 million for the quarter, against analysts’ expectations of $ 714.79 million. Banco Santander-Chile had a net margin of 24.24% and a return on equity of 18.23%. Equity research analysts expect Banco Santander-Chile to post EPS of 2.04 for the current fiscal year.

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Institutional investors have recently increased or reduced their stakes in the company. BlackRock Inc. increased its stake in Banco Santander-Chili by 39.6% in the second quarter. BlackRock Inc. now owns 3,777,184 shares of the bank valued at $ 75,054,000 after purchasing an additional 1,070,703 shares during the period. Goldman Sachs Group Inc. increased its stake in Banco Santander-Chili by 348.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,080,264 shares of the bank valued at $ 21,464,000 after purchasing an additional 839,383 shares during the period. INCA Investments LLC increased its stake in Banco Santander-Chili by 29.7% in the first quarter. INCA Investments LLC now owns 2,995,167 shares of the bank valued at $ 74,370,000 after purchasing an additional 685,267 shares during the period. Morgan Stanley increased its stake in Banco Santander-Chili by 234,918.4% in the first quarter. Morgan Stanley now owns 599,297 shares of the bank valued at $ 14,881,000 after purchasing an additional 599,042 shares during the period. Finally, Edmond DE Rothschild Holding SA acquired in the first quarter a new stake in Banco Santander-Chili for an amount of approximately $ 4,787,000. Institutional investors and hedge funds hold 8.51% of the company’s shares.

About Banco Santander-Chili

Banco Santander Chile SA provides commercial and retail banking services. It operates through the following segments: retail banking, middle market, global corporate banking and others. The Retail Banking segment offers consumer loans, credit cards, auto loans, commercial loans, foreign exchange, mortgages, debit cards, checking accounts, savings products, mutual funds, securities brokerage and insurance brokerage.

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