Banco Santander Chile (NYSE:BSAC) Issues Quarterly Earnings Results

Banco Santander Chile (NYSE:BSAC) posted its quarterly earnings data on Monday. The bank reported $0.62 EPS for the quarter, FiscalAI reports. The firm had revenue of $740.07 million for the quarter. Banco Santander Chile had a net margin of 24.57% and a return on equity of 23.25%.

Banco Santander Chile Stock Up 1.9%

Shares of NYSE:BSAC opened at $37.43 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. The company’s 50-day moving average price is $32.75 and its 200 day moving average price is $28.67. Banco Santander Chile has a fifty-two week low of $20.77 and a fifty-two week high of $37.72.

Wall Street Analyst Weigh In

BSAC has been the subject of a number of research analyst reports. The Goldman Sachs Group downgraded Banco Santander Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. UBS Group boosted their target price on shares of Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Citigroup downgraded shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $27.67.

Institutional Investors Weigh In On Banco Santander Chile

A number of hedge funds have recently made changes to their positions in BSAC. Hantz Financial Services Inc. grew its holdings in Banco Santander Chile by 39.2% in the 4th quarter. Hantz Financial Services Inc. now owns 20,499 shares of the bank’s stock worth $638,000 after buying an additional 5,777 shares in the last quarter. Global Retirement Partners LLC boosted its position in Banco Santander Chile by 11,750.9% during the 4th quarter. Global Retirement Partners LLC now owns 6,755 shares of the bank’s stock worth $210,000 after acquiring an additional 6,698 shares during the period. Abacus Wealth Partners LLC bought a new position in shares of Banco Santander Chile in the fourth quarter worth $419,000. INCA Investments LLC increased its holdings in shares of Banco Santander Chile by 48.8% during the fourth quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock valued at $33,110,000 after purchasing an additional 349,082 shares during the period. Finally, Ethic Inc. increased its holdings in shares of Banco Santander Chile by 38.8% during the fourth quarter. Ethic Inc. now owns 38,858 shares of the bank’s stock valued at $1,209,000 after purchasing an additional 10,858 shares during the period. Institutional investors own 6.42% of the company’s stock.

About Banco Santander Chile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.