Banco Santander Chile (NYSE:BSAC) Stock Rating Lowered by Wall Street Zen

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

A number of other research analysts have also weighed in on BSAC. Weiss Ratings lowered Banco Santander Chile from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. The Goldman Sachs Group boosted their target price on Banco Santander Chile from $29.00 to $33.00 and gave the stock a “sell” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. dropped their target price on Banco Santander Chile from $43.00 to $39.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Finally, Zacks Research cut Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Santander Chile has an average rating of “Hold” and a consensus price target of $35.20.

Banco Santander Chile Price Performance

Shares of NYSE BSAC opened at $32.34 on Friday. Banco Santander Chile has a fifty-two week low of $28.65 and a fifty-two week high of $37.72. The company has a 50 day simple moving average of $33.32 and a two-hundred day simple moving average of $33.42. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.80 and a beta of 0.58. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.48 and a current ratio of 1.72.

Banco Santander Chile (NYSE:BSAC) last issued its quarterly earnings results on Tuesday, October 13th. The bank reported $0.52 EPS for the quarter. Banco Santander Chile had a return on equity of 23.55% and a net margin of 26.85%. The firm had revenue of $720.33 million for the quarter. Analysts expect that Banco Santander Chile will post 2.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its position in shares of Banco Santander Chile by 8.8% during the first quarter. Sequoia Financial Advisors LLC now owns 7,645 shares of the bank’s stock valued at $255,000 after acquiring an additional 618 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Banco Santander Chile by 63.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,688 shares of the bank’s stock worth $56,000 after acquiring an additional 653 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in 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 valued at $388,000 after acquiring an additional 755 shares in the last quarter. QRG Capital Management Inc. lifted its position in Banco Santander Chile by 13.0% in the 2nd quarter. QRG Capital Management Inc. now owns 7,245 shares of the bank’s stock valued at $239,000 after acquiring an additional 833 shares in the last quarter. Finally, Novem Group lifted its position in Banco Santander Chile by 2.8% in the 3rd quarter. Novem Group now owns 32,669 shares of the bank’s stock valued at $1,090,000 after acquiring an additional 896 shares in the last quarter. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Company Profile