Banco Santander-Chile (NYSE:BSAC) Stock Rating Lowered by Bank of America

Banco Santander-Chile (NYSE:BSAC) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat reports. They presently have a $21.00 price target on the bank’s stock, down from their prior price target of $22.00. Bank of America‘s target price suggests a potential upside of 10.09% from the stock’s previous close.

Separately, The Goldman Sachs Group upgraded shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and increased their target price for the company from $18.00 to $21.00 in a research report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.33.

Banco Santander-Chile Stock Down 1.3 %

Shares of BSAC opened at $19.08 on Monday. The stock has a 50 day moving average price of $19.64 and a 200 day moving average price of $19.74. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.41 and a beta of 0.87. Banco Santander-Chile has a one year low of $17.73 and a one year high of $21.43.

Hedge Funds Weigh In On Banco Santander-Chile

A number of institutional investors have recently added to or reduced their stakes in BSAC. SPX Gestao de Recursos Ltda purchased a new position in shares of Banco Santander-Chile during the 3rd quarter worth $736,000. Franklin Resources Inc. increased its position in Banco Santander-Chile by 1.1% during the third quarter. Franklin Resources Inc. now owns 3,164,490 shares of the bank’s stock worth $63,859,000 after purchasing an additional 33,291 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Banco Santander-Chile during the third quarter worth about $1,724,000. Jane Street Group LLC acquired a new position in Banco Santander-Chile in the 3rd quarter valued at about $527,000. Finally, State Street Corp grew its stake in shares of Banco Santander-Chile by 25.3% in the 3rd quarter. State Street Corp now owns 293,049 shares of the bank’s stock valued at $6,084,000 after buying an additional 59,215 shares during the period. Hedge funds and other institutional investors own 6.42% of the company’s stock.

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.