Zacks Investment Research upgraded shares of Banco Santander-Chile (NYSE:BSAC) from a hold rating to a buy rating in a report published on Tuesday. Zacks Investment Research currently has $37.00 price target on the bank’s stock.

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. “

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BSAC has been the subject of several other reports. ValuEngine upgraded Banco Santander-Chile from a buy rating to a strong-buy rating in a research report on Friday, February 2nd. Citigroup cut Banco Santander-Chile from a buy rating to a neutral rating in a research report on Friday, December 1st. Finally, Deutsche Bank cut Banco Santander-Chile to a sell rating and set a $32.00 price objective for the company. in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $29.60.

Banco Santander-Chile (NYSE:BSAC) opened at $33.06 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.75. The firm has a market capitalization of $15,560.93, a P/E ratio of 17.77, a P/E/G ratio of 1.34 and a beta of 0.74. Banco Santander-Chile has a 12-month low of $22.96 and a 12-month high of $34.98.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $729.84 million during the quarter, compared to analysts’ expectations of $449.44 million. Banco Santander-Chile had a return on equity of 18.00% and a net margin of 20.98%. equities analysts predict that Banco Santander-Chile will post 2.06 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in shares of Banco Santander-Chile in the third quarter valued at approximately $5,043,000. Canada Pension Plan Investment Board increased its position in shares of Banco Santander-Chile by 420,000.0% in the third quarter. Canada Pension Plan Investment Board now owns 42,010 shares of the bank’s stock valued at $1,248,000 after buying an additional 42,000 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Banco Santander-Chile by 4.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 421,857 shares of the bank’s stock worth $13,191,000 after purchasing an additional 16,216 shares in the last quarter. Bamco Inc. NY increased its position in shares of Banco Santander-Chile by 19.1% during the third quarter. Bamco Inc. NY now owns 1,755,590 shares of the bank’s stock worth $52,159,000 after purchasing an additional 281,792 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Banco Santander-Chile by 27.0% during the third quarter. BNP Paribas Arbitrage SA now owns 122,983 shares of the bank’s stock worth $3,654,000 after purchasing an additional 26,147 shares in the last quarter. Institutional investors and hedge funds own 16.09% of the company’s stock.

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Banco Santander-Chile Company Profile

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.

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