Banco Santander-Chile (NYSE:BSAC) Receives Average “Hold” Rating From Brokerages

Shares of Banco Santander-Chile (NYSE:BSAC – Get Rating) received an average recommendation of “Hold” from the five brokerages that currently cover the stock, Marketbeat reports. Three analysts rated the stock with a hold rating and two gave the company a buy rating. The 1-year average price target among brokers who updated their coverage on the stock in the last year is $24.67.

Several equity analysts have recently weighed in on BSAC shares. Credit Suisse Group upgraded Banco Santander-Chile from a “neutral” rating to an “outperforming” rating and raised its price target for the company from $19.00 to $24.00 in a Wednesday, March 2 report . Zacks Investment Research upgraded Banco Santander-Chile from a “Strong Sell” rating to a “Hold” rating in a Tuesday, February 15 report. Finally, JPMorgan Chase & Co. downgraded Banco Santander-Chile from an “overweight” rating to a “neutral” rating and set a price target of $23.00 for the company. in a report on Thursday, February 17.

Banco Santander-Chile shares opened at $20.57 on Monday. The company has a debt ratio of 3.89, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $9.69 billion, a P/E ratio of 9.70, a PEG ratio of 1.55 and a beta of 0.62. The company’s 50-day simple moving average is $19.40. Banco Santander-Chile has a 52-week low of $15.37 and a 52-week high of $26.15.

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Banco Santander-Chile (NYSE:BSAC – Get Rating) last released quarterly earnings data on Thursday, February 3. The bank reported earnings per share (EPS) of $0.58 for the quarter, beating analysts’ consensus estimate of $0.57 by $0.01. The company posted revenue of $710.60 million in the quarter, versus a consensus estimate of $741.48 million. Banco Santander-Chile achieved a return on equity of 19.06% and a net margin of 22.70%. On average, stock analysts predict that Banco Santander-Chile will post an EPS of 1.41 for the current year.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Crossmark Global Holdings Inc. increased its stake in Banco Santander-Chile shares by 313.9% in the third quarter. Crossmark Global Holdings Inc. now owns 63,545 shares of the bank worth $1,792,000 after purchasing an additional 48,194 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in Banco Santander-Chile during Q3 valued at approximately $4,045,000. Paloma Partners Management Co acquired a new stake in Banco Santander-Chile during Q2, valued at approximately $233,000. Invesco Ltd. increased its stake in Banco Santander-Chile by 28.1% during the 2nd quarter. Invesco Ltd. now owns 54,051 shares of the bank valued at $1,074,000 after purchasing an additional 11,864 shares during the period. Finally, BlackRock Inc. increased its stake in Banco Santander-Chile by 14.8% during the third quarter. BlackRock Inc. now owns 4,335,309 shares of the bank valued at $85,708,000 after purchasing an additional 558,125 shares during the period. 10.51% of the shares are currently held by hedge funds and other institutional investors.

Banco Santander-Chile Company Profile (Get an assessment)

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

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