Banco Santander Chile (NYSE:BSAC) Stock Has Consensus Target Price of $35.20 According to Brokerages

Banco Santander Chile (NYSE:BSAC) has been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $35.20.

A number of research firms have weighed in on BSAC. Weiss Ratings raised Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Wall Street Zen raised Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. The Goldman Sachs Group increased their price objective on shares of Banco Santander Chile from $29.00 to $33.00 and gave the company a “sell” rating in a research report on Thursday, July 16th. Zacks Research downgraded Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Banco Santander Chile from $43.00 to $39.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th.

Hedge Funds Weigh In On Banco Santander Chile

A number of institutional investors have recently added to or reduced their stakes in BSAC. Sequoia Financial Advisors LLC raised its position in 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 purchasing an additional 618 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Banco Santander Chile by 63.1% in the first 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 period. PNC Financial Services Group Inc. boosted its holdings in Banco Santander Chile by 6.9% in the first 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 during the last quarter. QRG Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 833 shares during the last quarter. Finally, Novem Group raised its stake in Banco Santander Chile by 2.8% during the third quarter. Novem Group now owns 32,669 shares of the bank’s stock worth $1,090,000 after buying an additional 896 shares during the last quarter. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Chile Stock Up 0.3%

Shares of Banco Santander Chile stock opened at $31.77 on Friday. The business has a fifty day simple moving average of $33.85 and a 200 day simple moving average of $33.46. Banco Santander Chile has a 12 month low of $27.91 and a 12 month high of $37.72.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings results on Tuesday, October 13th. The bank reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $624.15 million during the quarter. As a group, equities research analysts expect that Banco Santander Chile will post 2.91 EPS for the current fiscal year.

About Banco Santander Chile

Banco Santander Chile (NYSE: BSAC) is a commercial bank headquartered in Santiago, Chile. It provides banking and financial services to individuals, small and midsize businesses, corporations, and institutional clients throughout Chile. The bank operates as part of the global Santander Group, headquartered in Spain.

Its products and services include checking and savings accounts, credit and debit cards, consumer and residential mortgage loans, commercial lending, working-capital financing, and other forms of credit.