Banco Santander-Chile (BSAC) Receives Consensus Recommendation of “Hold” from Brokerages

Banco Santander-Chile (NASDAQ:BSAC) has earned a consensus broker rating score of 3.33 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and two have issued a hold rating on the company. Banco Santander-Chile’s rating score has declined by 2.5% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a one year consensus price target of $25.00 for the company and are anticipating that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also given Banco Santander-Chile an industry rank of 152 out of 265 based on the ratings given to its competitors.

A number of brokerages have recently commented on BSAC. BidAskClub downgraded Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday. Goldman Sachs Group Inc increased their target price on Banco Santander-Chile from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, May 2nd. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a $26.00 target price (up previously from $25.00) on shares of Banco Santander-Chile in a report on Wednesday, April 19th.

Shares of Banco Santander-Chile (NASDAQ BSAC) traded up 0.49% during midday trading on Tuesday, reaching $24.44. 409,879 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $24.22 and a 200 day moving average price of $23.12. The company has a market cap of $11.51 billion and a P/E ratio of 15.28. Banco Santander-Chile has a 12 month low of $17.83 and a 12 month high of $25.55.

Several large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its stake in Banco Santander-Chile by 5.2% in the fourth quarter. Macquarie Group Ltd. now owns 36,570 shares of the bank’s stock valued at $800,000 after buying an additional 1,800 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Banco Santander-Chile during the fourth quarter valued at approximately $15,787,000. Thompson Siegel & Walmsley LLC boosted its stake in Banco Santander-Chile by 2.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 90,400 shares of the bank’s stock valued at $1,977,000 after buying an additional 2,400 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Banco Santander-Chile by 54.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,571,413 shares of the bank’s stock valued at $34,367,000 after buying an additional 554,640 shares in the last quarter. Finally, Horizon Investments LLC bought a new stake in Banco Santander-Chile during the fourth quarter valued at approximately $419,000.

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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.

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