Banco Santander-Chile (NYSE: BSAC – Get a rating) received a consensus recommendation of “Hold” by the seven analysts who currently cover the company, reports Marketbeat.com. Six research analysts rated the stock with a hold recommendation. The 12-month average target price among brokerages that have reported on the stock over the past year is $20.40.
Several research analysts have commented on the company. UBS Group downgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and set a target price of $17.00 for the company in a Thursday, June 30 research note. Credit Suisse Group lowered its price target on Banco Santander-Chile to $18.00 in a Monday, August 22 research note. Citigroup downgraded Banco Santander-Chile from a “buy” rating to a “neutral” rating in a research note on Tuesday. Itaú Unibanco downgraded Banco Santander-Chile from an “outperforming” rating to a “market performing” rating and set a price target of $22.00 for the company. in a research note from Tuesday, June 7. To finish, StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a Friday, May 20 research note.
Institutional entries and exits
Several institutional investors and hedge funds have recently changed their positions in the company. abrdn plc increased its stake in Banco Santander-Chile by 102.9% in the second quarter. abrdn plc now owns 10,104,826 shares in the bank valued at $165,365,000 after acquiring a further 5,124,377 shares in the last quarter. Schroder Investment Management Group increased its stake in Banco Santander-Chile by 37.7% in the fourth quarter. Schroder Investment Management Group now owns 9,100,528 shares of the bank valued at $371,000 after acquiring 2,490,355 additional shares in the last quarter. JPMorgan Chase & Co. increased its stake in Banco Santander-Chile by 19.7% in the first quarter. JPMorgan Chase & Co. now owns 4,443,746 shares of the bank valued at $100,384,000 after acquiring an additional 731,054 shares in the last quarter. INCA Investments LLC increased its stake in Banco Santander-Chile by 50.2% in the first quarter. INCA Investments LLC now owns 1,781,000 shares of the bank valued at $40,233,000 after acquiring an additional 595,421 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Banco Santander-Chile by 7.3% in the second quarter. Renaissance Technologies LLC now owns 943,600 shares of the bank valued at $15,371,000 after acquiring an additional 64,100 shares in the last quarter. Institutional investors and hedge funds hold 9.47% of the company’s shares.
Banco Santander-Chile Stock up 0.1%
BSAC stock opened at $16.11 on Thursday. The company has a market capitalization of $7.59 billion, a PE ratio of 6.88, a growth price-earnings ratio of 1.73 and a beta of 0.68. The company has a 50-day simple moving average of $15.77 and a 200-day simple moving average of $18.40. Banco Santander-Chile has a 52-week low of $13.77 and a 52-week high of $22.95. The company has a quick ratio of 1.99, a current ratio of 1.99 and a leverage ratio of 4.40.
Banco Santander-Chile (NYSE: BSAC – Get a rating) last released its results on Friday, July 29. The bank reported EPS of $0.66 for the quarter, beating the consensus estimate of $0.60 by $0.06. The company posted revenue of $668.33 million in the quarter, versus a consensus estimate of $751.67 million. Banco Santander-Chile achieved a return on equity of 21.63% and a net margin of 22.60%. Sell-side analysts expect Banco Santander-Chile to post EPS of 2.17 for the current fiscal year.
Banco Santander-Chile Company Profile
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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