Banco Santander-Chile (NYSE: BSAC – Get a rating) was upgraded by Scotiabank investment analysts from an “sector outperform” rating to an “sector outperform” rating in a research report released Wednesday to clients and investors, Briefing.com reports.
The BSAC has been the subject of a number of other reports. Citigroup downgraded Banco Santander-Chile from a “buy” rating to a “neutral” rating in a Tuesday, September 13 research note. Credit Suisse Group lowered its price target on Banco Santander-Chile to $18.00 in a Monday, August 22 research note. Goldman Sachs Group cut its price target on Banco Santander-Chile from $18.00 to $16.00 and set a “neutral” rating for the company in a Friday, October 14 research note. UBS Group downgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and set a price target of $17.00 for the company in a Thursday, June 30 research note. To finish, StockNews.com began covering Banco Santander-Chile in a research note on Wednesday, October 12. They set a “hold” rating for the company. Eight investment analysts gave the stock a hold rating and one gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.67.
Banco Santander-Chile Stock Up 2.0%
BSAC opened at $13.96 on Wednesday. Banco Santander-Chile has a 12-month low of $13.37 and a 12-month high of $22.95. The company has a debt ratio of 4.40, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $6.58 billion, a P/E ratio of 5.97, a P/E/G ratio of 1.50 and a beta of 0.69. The stock’s 50-day moving average price is $15.08 and its 200-day moving average price is $16.91.
Banco Santander-Chile (NYSE: BSAC – Get a rating) last released its quarterly results on Friday, July 29. The bank reported earnings per share (EPS) of $0.66 for the quarter, beating consensus analyst estimates of $0.60 by $0.06. The company posted revenue of $668.33 million in the quarter, compared to analyst estimates of $751.67 million. Banco Santander-Chile achieved a return on equity of 21.63% and a net margin of 22.60%. As a group, research analysts predict that Banco Santander-Chile will post earnings per share of 2.13 for the current year.
Institutional investors weigh on Banco Santander-Chile
Several institutional investors have recently changed their positions in the company. Boston Partners increased its stake in Banco Santander-Chile by 6.6% in the first quarter. Boston Partners now owns 42,887 shares of the bank valued at $181,000 after acquiring 2,642 additional shares in the last quarter. Cardinal Capital Management increased its stake in Banco Santander-Chile shares by 2.3% in the first quarter. Cardinal Capital Management now owns 46,451 shares of the bank valued at $1,049,000 after buying an additional 1,030 shares in the last quarter. Aaron Wealth Advisors LLC bought a new stake in Banco Santander-Chile in the first quarter worth $1,372,000. GSA Capital Partners LLP acquired a new position in Banco Santander-Chile during the first quarter worth $354,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Banco Santander-Chile by 5.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 72,136 shares of the bank valued at $1,630,000 after buying an additional 4,000 shares last quarter. 9.47% of the shares are currently held by institutional investors and hedge funds.
About Banco Santander-Chile
Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile. It operates through the Retail Banking, Middle Market, Corporate Investment Banking and Corporate Activities segments. The company offers debit and credit cards, checking accounts and savings products. consumer, auto, commercial, mortgage and government guaranteed loans; and loans denominated in Chilean pesos and foreign currencies to finance various commercial transactions, exchanges, forward exchange contracts and lines of credit, as well as mortgage financing services.
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