Banco Santander-Chile (BSAC) Downgraded to “Sector Perform” at Scotia Howard Weill

Scotia Howard Weill downgraded shares of Banco Santander-Chile (NASDAQ:BSAC) from an outperform rating to a sector perform rating in a report published on Tuesday, October 24th.

Several other equities research analysts have also recently weighed in on BSAC. UBS AG cut Banco Santander-Chile from a neutral rating to a sell rating and upped their target price for the stock from $24.00 to $27.00 in a report on Tuesday, August 22nd. Zacks Investment Research raised Banco Santander-Chile from a hold rating to a buy rating and set a $29.00 target price on the stock in a research report on Wednesday, July 12th. Finally, BidaskClub lowered Banco Santander-Chile from a strong-buy rating to a buy rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Banco Santander-Chile has a consensus rating of Hold and an average target price of $27.00.

Shares of Banco Santander-Chile (NASDAQ BSAC) opened at $30.39 on Tuesday. Banco Santander-Chile has a 12-month low of $21.06 and a 12-month high of $32.02.

TRADEMARK VIOLATION NOTICE: “Banco Santander-Chile (BSAC) Downgraded to “Sector Perform” at Scotia Howard Weill” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/11/12/scotia-howard-weill-lowers-banco-santander-chile-bsac-to-sector-perform.html.

Large investors have recently made changes to their positions in the business. Huntington National Bank boosted its stake in Banco Santander-Chile by 4.7% in the 2nd quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock worth $121,000 after purchasing an additional 212 shares during the period. FNY Partners Fund LP acquired a new position in shares of Banco Santander-Chile in the first quarter valued at approximately $125,000. Global X Management Co. LLC boosted its holdings in shares of Banco Santander-Chile by 27.4% in the first quarter. Global X Management Co. LLC now owns 7,497 shares of the bank’s stock valued at $188,000 after buying an additional 1,612 shares during the period. Timber Hill LLC acquired a new position in Banco Santander-Chile during the third quarter worth $252,000. Finally, Stevens Capital Management LP acquired a new position in Banco Santander-Chile during the third quarter worth $286,000.

About Banco Santander-Chile

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.

Receive News & Ratings for Banco Santander-Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander-Chile and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply