Shares of Banco Santander-Chile (NYSE:BSAC) have earned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $29.60.
BSAC has been the subject of several research analyst reports. Zacks Investment Research downgraded Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Deutsche Bank downgraded Banco Santander-Chile to a “sell” rating and set a $32.00 target price for the company. in a research note on Wednesday, January 24th. Finally, ValuEngine upgraded Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd.
Shares of NYSE BSAC traded up $0.10 during midday trading on Wednesday, hitting $33.96. 89,099 shares of the company’s stock were exchanged, compared to its average volume of 341,541. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.76. Banco Santander-Chile has a 12 month low of $23.16 and a 12 month high of $34.98. The company has a market capitalization of $15,951.95, a P/E ratio of 18.20, a P/E/G ratio of 1.38 and a beta of 0.72.
Banco Santander-Chile (NYSE:BSAC) last issued its earnings results on Wednesday, January 31st. The bank reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Banco Santander-Chile had a return on equity of 17.85% and a net margin of 20.98%. The company had revenue of $729.84 million during the quarter, compared to the consensus estimate of $449.44 million. analysts predict that Banco Santander-Chile will post 2.05 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSAC. Invictus RG bought a new stake in Banco Santander-Chile in the 3rd quarter valued at $217,000. Capital Fund Management S.A. bought a new stake in Banco Santander-Chile in the 4th quarter valued at $235,000. Paloma Partners Management Co bought a new stake in Banco Santander-Chile in the 4th quarter valued at $285,000. TD Asset Management Inc. bought a new stake in Banco Santander-Chile in the 3rd quarter valued at $341,000. Finally, Tower Research Capital LLC TRC boosted its stake in Banco Santander-Chile by 431.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,921 shares of the bank’s stock valued at $342,000 after purchasing an additional 8,867 shares during the period. Institutional investors and hedge funds own 16.09% of the company’s stock.
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Banco Santander-Chile Company Profile
Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.
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