Analysts Set Banco Santander Chile (NYSE:BSAC) Price Target at $35.40

Banco Santander Chile (NYSE:BSAC) has been given a consensus recommendation of “Hold” by the nine analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $35.40.

BSAC has been the topic of several recent research reports. Citigroup raised Banco Santander Chile from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Weiss Ratings upgraded Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Zacks Research downgraded shares of Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, The Goldman Sachs Group lifted their price target on shares of Banco Santander Chile from $29.00 to $33.00 and gave the company a “sell” rating in a report on Thursday, July 16th.

Hedge Funds Weigh In On Banco Santander Chile

Hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC grew 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 worth $255,000 after purchasing an additional 618 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 653 shares during the period. Wells Fargo & Company MN boosted its stake in Banco Santander Chile by 22.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,949 shares of the bank’s stock worth $123,000 after purchasing an additional 731 shares during the period. PNC Financial Services Group Inc. grew its holdings in Banco Santander Chile by 6.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,629 shares of the bank’s stock valued at $388,000 after buying an additional 755 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position 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 buying an additional 766 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Stock Performance

Shares of NYSE BSAC opened at $35.68 on Thursday. Banco Santander Chile has a 12-month low of $25.23 and a 12-month high of $37.72. The firm has a market capitalization of $16.81 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 0.86 and a beta of 0.51. 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 50 day moving average of $34.37 and a 200 day moving average of $33.15.

Banco Santander Chile (NYSE:BSAC) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.87 earnings per share for the quarter. Banco Santander Chile had a net margin of 27.04% and a return on equity of 22.94%. The business had revenue of $905.26 million for the quarter. On average, research analysts anticipate that Banco Santander Chile will post 2.99 earnings per share 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.