StockNews.com Upgrades Banco Santander-Chile (NYSE:BSAC) to “Hold”

by · The Cerbat Gem

StockNews.com upgraded shares of Banco Santander-Chile (NYSE:BSAC – Free Report) from a sell rating to a hold rating in a research report released on Wednesday.

Separately, HSBC cut shares of Banco Santander-Chile from a buy rating to a hold rating in a research note on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $19.97.

View Our Latest Report on Banco Santander-Chile

Banco Santander-Chile Stock Performance

BSAC opened at $18.93 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 3.44. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 0.40 and a beta of 0.82. The company’s 50 day moving average is $19.51 and its 200 day moving average is $18.93. Banco Santander-Chile has a 12-month low of $16.89 and a 12-month high of $21.81.

Banco Santander-Chile (NYSE:BSAC – Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. The company had revenue of $621.60 million for the quarter, compared to the consensus estimate of $609.98 million. On average, equities research analysts predict that Banco Santander-Chile will post 1.84 EPS for the current year.

Institutional Investors Weigh In On Banco Santander-Chile

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSAC. FMR LLC raised its position in shares of Banco Santander-Chile by 105.7% during the first quarter. FMR LLC now owns 1,563 shares of the bank’s stock valued at $28,000 after buying an additional 803 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Banco Santander-Chile by 115.5% during the fourth quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock valued at $33,000 after buying an additional 902 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Banco Santander-Chile during the second quarter valued at approximately $40,000. BNP Paribas Arbitrage SNC raised its position in shares of Banco Santander-Chile by 4,603.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 2,963 shares of the bank’s stock valued at $42,000 after buying an additional 2,900 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in shares of Banco Santander-Chile during the first quarter valued at approximately $78,000. Institutional investors own 6.42% of the company’s stock.

About Banco Santander-Chile

(Get Free Report)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking 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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