JPMorgan Chase & Co. upgraded shares of Banco Santander-Chile (NYSE:BSAC) from a neutral rating to a buy rating in a research report report published on Thursday morning, Marketbeat Ratings reports. They currently have $34.00 target price on the bank’s stock, down from their prior target price of $35.00.

A number of other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Banco Santander-Chile from a buy rating to a hold rating in a research note on Wednesday, August 8th. Zacks Investment Research cut shares of Banco Santander-Chile from a buy rating to a hold rating in a research note on Tuesday, July 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $34.33.

BSAC opened at $30.43 on Thursday. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 1.19 and a beta of 0.83. Banco Santander-Chile has a twelve month low of $26.41 and a twelve month high of $35.09.

Banco Santander-Chile (NYSE:BSAC) last released its earnings results on Thursday, July 26th. The bank reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.04). The company had revenue of $717.19 million during the quarter, compared to analysts’ expectations of $791.94 million. Banco Santander-Chile had a net margin of 22.71% and a return on equity of 18.51%. research analysts anticipate that Banco Santander-Chile will post 2.06 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of BSAC. Schroder Investment Management Group raised its position in shares of Banco Santander-Chile by 53.8% in the second quarter. Schroder Investment Management Group now owns 4,078,000 shares of the bank’s stock valued at $128,334,000 after purchasing an additional 1,425,860 shares during the period. USS Investment Management Ltd raised its position in shares of Banco Santander-Chile by 13.9% in the first quarter. USS Investment Management Ltd now owns 1,642,174 shares of the bank’s stock valued at $54,282,000 after purchasing an additional 200,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Banco Santander-Chile by 14.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,155,759 shares of the bank’s stock valued at $36,330,000 after purchasing an additional 147,008 shares during the period. Ariel Investments LLC raised its position in shares of Banco Santander-Chile by 15.3% in the second quarter. Ariel Investments LLC now owns 863,364 shares of the bank’s stock valued at $27,136,000 after purchasing an additional 114,751 shares during the period. Finally, FMR LLC raised its position in shares of Banco Santander-Chile by 5.4% in the second quarter. FMR LLC now owns 2,148,837 shares of the bank’s stock valued at $67,538,000 after purchasing an additional 109,976 shares during the period. 14.35% of the stock is currently owned by institutional investors.

Banco Santander-Chile Company Profile

Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.

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