Analysts Set Banco Santander-Chile (NYSE:BSAC) Target Price at $21.50

Shares of Banco Santander-Chile (NYSE:BSAC) have received a consensus recommendation of “Hold” from the four research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.33.

Separately, Bank of America cut Banco Santander-Chile from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $21.00 in a research report on Monday.

Hedge Funds Weigh In On Banco Santander-Chile

A number of institutional investors have recently bought and sold shares of the stock. Ballentine Partners LLC bought a new stake in Banco Santander-Chile during the second quarter valued at about $195,000. Natixis Advisors LLC purchased a new position in shares of Banco Santander-Chile during the 3rd quarter valued at about $212,000. Frank Rimerman Advisors LLC bought a new position in shares of Banco Santander-Chile during the 2nd quarter valued at approximately $248,000. Blue Trust Inc. increased its holdings in Banco Santander-Chile by 32.3% in the 2nd quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock worth $258,000 after acquiring an additional 3,179 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Banco Santander-Chile by 30.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock worth $366,000 after acquiring an additional 4,515 shares in the last quarter. 6.42% of the stock is owned by institutional investors.

Banco Santander-Chile Stock Performance

BSAC stock opened at $18.60 on Monday. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $21.43. The company has a market cap of $8.76 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 0.41 and a beta of 0.87. The stock’s fifty day moving average price is $19.63 and its 200-day moving average price is $19.74.

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.