Banco Santander Chile (NYSE:BSAC) Receives $27.67 Consensus Price Target from Analysts

Shares of Banco Santander Chile (NYSE:BSAC) have earned a consensus recommendation of “Reduce” from the six analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.6667.

Several analysts have issued reports on the company. UBS Group upped their target price on Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Wall Street Zen cut shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Tuesday, December 30th. JPMorgan Chase & Co. upped their price objective on shares of Banco Santander Chile from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Citigroup cut shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, The Goldman Sachs Group downgraded shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in Banco Santander Chile by 199.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after acquiring an additional 1,007 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Banco Santander Chile in the 4th quarter valued at $3,369,000. Yousif Capital Management LLC purchased a new position in shares of Banco Santander Chile during the 4th quarter worth $240,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Banco Santander Chile during the 4th quarter worth about $345,000. Finally, Tuttle Capital Management LLC acquired a new stake in shares of Banco Santander Chile during the 4th quarter worth about $211,000. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Chile Stock Up 2.8%

BSAC stock opened at $36.16 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.51. The firm has a 50-day moving average of $31.23 and a two-hundred day moving average of $27.64. Banco Santander Chile has a 12 month low of $19.66 and a 12 month high of $36.19. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.12 and a beta of 0.56.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings results on Monday, November 17th. The bank reported $0.99 earnings per share (EPS) for the quarter. Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%.The business had revenue of $740.10 million during the quarter. As a group, analysts forecast that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Banco Santander Chile Company Profile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.