Banco Santander Chile (NYSE:BSAC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $33.00 price objective on the bank’s stock. Zacks Investment Research‘s price target indicates a potential upside of 7.39% from the stock’s previous close.

According to Zacks, “Banco Santiago is the largest bank in Chile, in terms of assets with Ch$4,088 billion (approximately US$9.86 billion ) as of March 31, 1997. The bank is the result of the merger of two of the largest institutions in the Chilean banking system, Banco O’Higgins S.A., mainly a corporate bank, and Banco de Santiago S.A., mainly focused in consumer and middle-market lending. “

Other equities analysts also recently issued research reports about the company. BidaskClub downgraded Banco Santander Chile from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Scotia Howard Weill upgraded Banco Santander Chile from a “sector perform” rating to an “outperform” rating in a report on Friday, August 25th. Finally, UBS AG downgraded Banco Santander Chile from a “neutral” rating to a “sell” rating and upped their target price for the company from $24.00 to $27.00 in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $28.00.

Banco Santander Chile (NYSE BSAC) opened at $30.73 on Thursday. The firm has a market capitalization of $14,100.47, a PE ratio of 17.10, a PEG ratio of 1.52 and a beta of 0.75. Banco Santander Chile has a twelve month low of $21.06 and a twelve month high of $32.02. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.75.

WARNING: This article was first posted by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/11/18/banco-santander-chile-bsac-rating-increased-to-buy-at-zacks-investment-research.html.

Several hedge funds and other institutional investors have recently made changes to their positions in BSAC. Schroder Investment Management Group grew its stake in shares of Banco Santander Chile by 355.1% in the 3rd quarter. Schroder Investment Management Group now owns 1,524,281 shares of the bank’s stock valued at $45,256,000 after buying an additional 1,189,363 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Banco Santander Chile in the 3rd quarter valued at approximately $10,763,000. Bamco Inc. NY grew its stake in shares of Banco Santander Chile by 25.8% in the 2nd quarter. Bamco Inc. NY now owns 1,473,798 shares of the bank’s stock valued at $37,449,000 after buying an additional 302,400 shares in the last quarter. Aberdeen Asset Management PLC UK grew its stake in shares of Banco Santander Chile by 1.3% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 23,294,310 shares of the bank’s stock valued at $591,908,000 after buying an additional 290,600 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Banco Santander Chile by 18.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,830,077 shares of the bank’s stock valued at $46,502,000 after buying an additional 285,115 shares in the last quarter. 17.76% of the stock is owned by institutional investors and hedge funds.

About Banco Santander Chile

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.

Receive News & Ratings for Banco Santander Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Chile and related companies with MarketBeat.com's FREE daily email newsletter.