Banco Santander-Chile (NYSE:BSAC) Upgraded at StockNews.com

StockNews.com upgraded shares of Banco Santander-Chile (NYSE:BSAC) from a sell rating to a hold rating in a research note released on Wednesday.

Banco Santander-Chile Stock Performance

Shares of NYSE BSAC opened at $18.13 on Wednesday. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.80 and a quick ratio of 1.80. Banco Santander-Chile has a one year low of $16.89 and a one year high of $21.81. The business’s 50-day moving average price is $19.26 and its two-hundred day moving average price is $18.95. The company has a market capitalization of $8.54 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings results on Friday, February 2nd. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $621.60 million during the quarter, compared to analyst estimates of $609.98 million. Banco Santander-Chile had a return on equity of 9.62% and a net margin of 9.58%. Analysts anticipate that Banco Santander-Chile will post 1.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Santander-Chile

Several institutional investors and hedge funds have recently modified their holdings of the business. Privium Fund Management B.V. raised its holdings in Banco Santander-Chile by 15.1% during the first quarter. Privium Fund Management B.V. now owns 13,818 shares of the bank’s stock valued at $274,000 after buying an additional 1,811 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Banco Santander-Chile by 7.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 268,013 shares of the bank’s stock valued at $5,315,000 after acquiring an additional 18,789 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Banco Santander-Chile by 4.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 65,669 shares of the bank’s stock valued at $1,302,000 after acquiring an additional 2,500 shares in the last quarter. Cardinal Capital Management lifted its holdings in Banco Santander-Chile by 19.3% in the 1st quarter. Cardinal Capital Management now owns 93,768 shares of the bank’s stock worth $1,859,000 after purchasing an additional 15,142 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Banco Santander-Chile in the 4th quarter worth approximately $440,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

About Banco Santander-Chile

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