Banco Santander-Chile (NYSE:BSAC – Get Rating) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $19.67.
Several analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Banco Santander-Chile from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, October 14th. StockNews.com assumed coverage on shares of Banco Santander-Chile in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Scotiabank upgraded shares of Banco Santander-Chile from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, October 26th. Finally, Citigroup cut shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 13th.
Banco Santander-Chile Stock Performance
NYSE BSAC opened at $15.48 on Friday. Banco Santander-Chile has a 1 year low of $13.37 and a 1 year high of $22.95. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.06 and a quick ratio of 2.06. The stock has a market capitalization of $7.29 billion, a PE ratio of 6.76, a P/E/G ratio of 1.78 and a beta of 0.74. The company’s 50 day simple moving average is $14.94 and its two-hundred day simple moving average is $15.52.
Banco Santander-Chile (NYSE:BSAC – Get Rating) last posted its earnings results on Friday, October 28th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.07). Banco Santander-Chile had a return on equity of 21.30% and a net margin of 20.57%. The firm had revenue of $574.79 million during the quarter, compared to analysts’ expectations of $649.80 million. Analysts predict that Banco Santander-Chile will post 2.02 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Banco Santander-Chile
Institutional investors and hedge funds have recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Banco Santander-Chile during the 2nd quarter valued at $40,000. Quadrant Capital Group LLC grew its holdings in Banco Santander-Chile by 106.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,663 shares of the bank’s stock worth $37,000 after acquiring an additional 1,375 shares during the last quarter. BNP Paribas Arbitrage SNC grew its holdings in Banco Santander-Chile by 4,603.2% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,963 shares of the bank’s stock worth $42,000 after acquiring an additional 2,900 shares during the last quarter. UBS Group AG grew its holdings in Banco Santander-Chile by 41.5% in the 3rd quarter. UBS Group AG now owns 8,865 shares of the bank’s stock worth $124,000 after acquiring an additional 2,601 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Banco Santander-Chile in the 1st quarter worth $206,000. Institutional investors own 9.76% of the company’s stock.
About Banco Santander-Chile
Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.
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