Banco Santander Chile (NYSE:BSAC) Rating Lowered to “Sell” at Wall Street Zen

Banco Santander Chile (NYSE:BSAC) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Several other analysts also recently commented on BSAC. Erste Group Bank upgraded shares of Banco Santander Chile to a “strong-buy” rating in a report on Tuesday, May 5th. Citigroup upgraded shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. raised Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price target on the stock in a research note on Monday, March 30th. Bank of America upgraded shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research report on Wednesday, April 1st. Finally, Itau BBA Securities raised Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

Banco Santander Chile Trading Up 1.6%

NYSE BSAC traded up $0.53 during trading hours on Friday, reaching $33.96. The company’s stock had a trading volume of 452,234 shares, compared to its average volume of 339,150. The stock has a market cap of $16.00 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.83 and a beta of 0.52. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.48 and a quick ratio of 0.48. Banco Santander Chile has a 52 week low of $22.77 and a 52 week high of $37.72. The firm has a fifty day simple moving average of $31.72 and a 200-day simple moving average of $32.98.

Banco Santander Chile (NYSE:BSAC) last announced its earnings results on Friday, July 10th. The bank reported $0.88 earnings per share for the quarter. The business had revenue of $245.09 million during the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. Equities analysts forecast that Banco Santander Chile will post 2.79 earnings per share for the current fiscal year.

Institutional Trading of Banco Santander Chile

Several large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its holdings in shares of Banco Santander Chile by 8.8% in the first quarter. Sequoia Financial Advisors LLC now owns 7,645 shares of the bank’s stock valued at $255,000 after buying an additional 618 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Banco Santander Chile by 63.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,688 shares of the bank’s stock worth $56,000 after purchasing an additional 653 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Banco Santander Chile by 22.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,949 shares of the bank’s stock valued at $123,000 after purchasing an additional 731 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Banco Santander Chile by 6.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,629 shares of the bank’s stock worth $388,000 after purchasing an additional 755 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Banco Santander Chile by 29.1% during the fourth quarter. Advisors Asset Management Inc. now owns 3,398 shares of the bank’s stock valued at $106,000 after purchasing an additional 766 shares during the period. Hedge funds and other institutional investors own 6.42% of the company’s stock.

About Banco Santander Chile

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.