Banco Santander Chile (NYSE:BSAC) Stock Has Consensus Price Target of $35.40 According to Brokerages

Banco Santander Chile (NYSE:BSAC) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $35.40.

Several analysts have commented on the stock. Zacks Research downgraded shares of Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Citigroup raised shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Weiss Ratings raised Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Finally, The Goldman Sachs Group upped their price objective on Banco Santander Chile from $29.00 to $33.00 and gave the stock a “sell” rating in a research report on Thursday, July 16th.

Banco Santander Chile Price Performance

Shares of BSAC stock opened at $33.38 on Monday. The company has a quick ratio of 0.48, a current ratio of 1.72 and a debt-to-equity ratio of 2.06. Banco Santander Chile has a 12-month low of $25.87 and a 12-month high of $37.72. The firm has a fifty day moving average of $34.77 and a 200-day moving average of $33.27. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 0.81 and a beta of 0.51.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its stake in shares of Banco Santander Chile by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 7,245 shares of the bank’s stock worth $239,000 after buying an additional 833 shares during the last quarter. ABS Direct Equity Fund LLC acquired a new stake in shares of Banco Santander Chile in the second quarter valued at about $1,317,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Banco Santander Chile in the second quarter valued at about $35,000. Nykredit A S bought a new stake in Banco Santander Chile during the second quarter worth about $1,414,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Banco Santander Chile during the second quarter worth about $90,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander Chile Company Profile

Banco Santander Chile is a Chilean financial institution and a subsidiary of Spain-based Banco Santander. Listed on the New York Stock Exchange under the symbol BSAC, the bank provides banking and financial services to individuals, small and medium-sized businesses, middle-market companies, and large corporations throughout Chile.

Its principal offerings include consumer and commercial loans, mortgages, checking and savings accounts, credit and debit cards, insurance-related products, investment and wealth-management services, and payment and cash-management solutions.