Shares of Banco Santander-Chile (NYSE:BSAC) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $31.00.
A number of research analysts have commented on BSAC shares. Citigroup upgraded Banco Santander-Chile from a “neutral” rating to a “buy” rating in a research note on Monday, November 4th. Goldman Sachs Group started coverage on Banco Santander-Chile in a research note on Tuesday, September 10th. They set a “neutral” rating and a $30.00 price target on the stock. Finally, Zacks Investment Research cut Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Monday, November 11th.
NYSE:BSAC traded up $1.00 during trading hours on Wednesday, reaching $21.84. 520,780 shares of the stock were exchanged, compared to its average volume of 314,455. The company has a quick ratio of 1.82, a current ratio of 1.93 and a debt-to-equity ratio of 3.32. The business has a 50-day moving average of $24.93 and a two-hundred day moving average of $27.85. Banco Santander-Chile has a twelve month low of $20.78 and a twelve month high of $32.97. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.69 and a beta of 0.56.
Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in shares of Banco Santander-Chile by 67.9% in the third quarter. Signaturefd LLC now owns 1,746 shares of the bank’s stock valued at $49,000 after acquiring an additional 706 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Banco Santander-Chile by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 30,005 shares of the bank’s stock valued at $840,000 after acquiring an additional 1,148 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Banco Santander-Chile in the second quarter valued at $36,000. US Bancorp DE raised its stake in shares of Banco Santander-Chile by 85.3% in the second quarter. US Bancorp DE now owns 3,033 shares of the bank’s stock valued at $91,000 after acquiring an additional 1,396 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Banco Santander-Chile by 256.5% in the third quarter. Parallel Advisors LLC now owns 2,043 shares of the bank’s stock valued at $57,000 after acquiring an additional 1,470 shares in the last quarter. Institutional investors own 12.58% of the company’s stock.
About Banco Santander-Chile
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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