Analysts Set Banco Santander-Chile (BSAC) Target Price at $21.38
Banco Santander-Chile (NYSE:BSAC) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the stock. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.38.
Separately, Bank of America Corp. downgraded Banco Santander-Chile from a “buy” rating to an “underperform” rating in a research report on Wednesday, September 7th.
Banco Santander-Chile (NYSE:BSAC) opened at 20.54 on Thursday. The firm’s 50-day moving average is $20.84 and its 200 day moving average is $19.95. The company has a market cap of $9.68 billion, a PE ratio of 12.84 and a beta of 1.05. Banco Santander-Chile has a 1-year low of $15.69 and a 1-year high of $22.62.
Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in shares of Banco Santander-Chile by 339.6% in the first quarter. Renaissance Technologies LLC now owns 622,927 shares of the company’s stock valued at $12,054,000 after buying an additional 481,227 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Banco Santander-Chile by 6.5% in the first quarter. JPMorgan Chase & Co. now owns 5,842,651 shares of the company’s stock valued at $113,054,000 after buying an additional 357,037 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in shares of Banco Santander-Chile during the first quarter valued at approximately $4,333,000. BlackRock Group LTD raised its position in shares of Banco Santander-Chile by 7.0% in the first quarter. BlackRock Group LTD now owns 780,318 shares of the company’s stock valued at $15,100,000 after buying an additional 50,814 shares in the last quarter. Finally, Scotia Capital Inc. purchased a new position in shares of Banco Santander-Chile during the first quarter valued at approximately $793,000. Hedge funds and other institutional investors own 17.78% of the company’s stock.
About Banco Santander-Chile
Banco Santander-Chile is a Chilean bank. The Company provides commercial and retail banking services to its customers. Its commercial and retail banking services include Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a line of retail banking services, including mortgage financing.
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