Brokerages Set Banco Santander Chile (NYSE:BSAC) Price Target at $27.67

Banco Santander Chile (NYSE:BSAC) has been assigned a consensus recommendation of “Reduce” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $27.6667.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Banco Santander Chile from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, October 8th. Wall Street Zen lowered Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Friday, September 5th. UBS Group increased their price target on Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Finally, Citigroup lowered Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BSAC. Simplex Trading LLC bought a new stake in Banco Santander Chile during the 2nd quarter worth about $25,000. Brooklyn Investment Group increased its position in shares of Banco Santander Chile by 54,450.0% in the first quarter. Brooklyn Investment Group now owns 1,091 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,089 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Banco Santander Chile in the second quarter valued at about $33,000. EverSource Wealth Advisors LLC raised its holdings in Banco Santander Chile by 577.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after acquiring an additional 1,329 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Banco Santander Chile by 380.5% during the second quarter. Hantz Financial Services Inc. now owns 3,532 shares of the bank’s stock worth $89,000 after acquiring an additional 2,797 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander Chile Trading Up 0.6%

NYSE:BSAC opened at $30.93 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.51. Banco Santander Chile has a 1-year low of $18.19 and a 1-year high of $31.03. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.77 and a beta of 0.58. The business’s 50-day moving average price is $28.45 and its two-hundred day moving average price is $25.88.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings results on Thursday, October 30th. The bank reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). The company had revenue of $581.56 million during the quarter, compared to the consensus estimate of $732.50 million. Banco Santander Chile had a net margin of 24.74% and a return on equity of 22.18%. On average, equities analysts expect that Banco Santander Chile will post 2.07 earnings per share for the current year.

Banco Santander Chile Company Profile

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.