Banco Santander-Chile (BSAC) Lowered to “Buy” at ValuEngine

ValuEngine downgraded shares of Banco Santander-Chile (NYSE:BSAC) from a strong-buy rating to a buy rating in a report published on Tuesday morning.

Separately, Zacks Investment Research cut Banco Santander-Chile from a buy rating to a hold rating in a research report on Monday, May 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $32.00.

Banco Santander-Chile opened at $32.16 on Tuesday, MarketBeat reports. The firm has a market cap of $15.19 billion, a P/E ratio of 16.58, a PEG ratio of 1.27 and a beta of 0.73. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.73 and a quick ratio of 1.73. Banco Santander-Chile has a one year low of $23.92 and a one year high of $35.09.

Banco Santander-Chile (NYSE:BSAC) last posted its quarterly earnings data on Friday, April 27th. The bank reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The company had revenue of $747.08 million during the quarter, compared to analysts’ expectations of $809.71 million. Banco Santander-Chile had a return on equity of 18.75% and a net margin of 22.58%. research analysts anticipate that Banco Santander-Chile will post 2.05 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Aperio Group LLC increased its position in Banco Santander-Chile by 3.4% during the fourth quarter. Aperio Group LLC now owns 83,019 shares of the bank’s stock valued at $2,596,000 after acquiring an additional 2,747 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Banco Santander-Chile by 1.1% during the first quarter. State of New Jersey Common Pension Fund D now owns 344,989 shares of the bank’s stock valued at $11,561,000 after acquiring an additional 3,787 shares during the last quarter. Blackhawk Capital Partners LLC. bought a new stake in Banco Santander-Chile during the first quarter valued at about $159,000. Jane Street Group LLC bought a new stake in Banco Santander-Chile during the first quarter valued at about $210,000. Finally, UBS Group AG grew its holdings in Banco Santander-Chile by 30.0% during the first quarter. UBS Group AG now owns 27,190 shares of the bank’s stock valued at $911,000 after purchasing an additional 6,269 shares during the period. Institutional investors own 15.46% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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