Banco Santander Chile (NYSE:BSAC) Receives $35.40 Average Target Price from Analysts

Banco Santander Chile (NYSE:BSAC) has received an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $35.40.

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a report on Friday, July 17th. Citigroup raised shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. The Goldman Sachs Group increased their price objective on shares of Banco Santander Chile from $29.00 to $33.00 and gave the stock a “sell” rating in a research note on Thursday, July 16th. Finally, Zacks Research raised shares of Banco Santander Chile from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th.

Institutional Trading of Banco Santander Chile

Several hedge funds have recently made changes to their positions in BSAC. Raymond James Financial Inc. acquired a new position in Banco Santander Chile during the 2nd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC increased its position in Banco Santander Chile by 577.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after buying an additional 1,329 shares during the period. Farther Finance Advisors LLC increased its position in Banco Santander Chile by 199.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after buying an additional 1,007 shares during the period. Smartleaf Asset Management LLC lifted its stake in Banco Santander Chile by 739.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock valued at $47,000 after buying an additional 1,309 shares during the last quarter. Finally, Barclays PLC lifted its stake in Banco Santander Chile by 703.0% in the fourth quarter. Barclays PLC now owns 2,666 shares of the bank’s stock valued at $83,000 after buying an additional 2,334 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Price Performance

Shares of BSAC opened at $34.33 on Friday. Banco Santander Chile has a 52 week low of $23.31 and a 52 week high of $37.72. The company has a current ratio of 1.72, a quick ratio of 0.48 and a debt-to-equity ratio of 2.06. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.84 and a beta of 0.52. The stock has a 50 day moving average of $33.32 and a 200-day moving average of $33.29.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings results on Tuesday, June 30th. The bank reported $0.87 earnings per share (EPS) for the quarter. The business had revenue of $905.26 million for the quarter. Banco Santander Chile had a return on equity of 22.94% and a net margin of 27.04%. As a group, analysts forecast that Banco Santander Chile will post 2.92 EPS for the current year.

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.