Banco Santander-Chile (NYSE:BSAC) Given Average Recommendation of “Hold” by Brokerages

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.

Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.10). Banco Santander-Chile had a return on equity of 17.15% and a net margin of 22.34%. The firm had revenue of $576.02 million for the quarter, compared to analyst estimates of $689.31 million. On average, research analysts forecast that Banco Santander-Chile will post 1.69 EPS for the current fiscal year.

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.

Further Reading: What does a market perform rating mean?

Analyst Recommendations for Banco Santander-Chile (NYSE:BSAC)

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.