Banco Santander-Chile (NYSE:BSAC) Receives Average Recommendation of “Hold” from Analysts

Banco Santander-Chile (NYSE:BSAC) has been given an average rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.48.

A number of equities research analysts recently issued reports on BSAC shares. Berenberg Bank raised shares of Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th. StockNews.com raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group raised 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 note on Tuesday, August 20th.

Banco Santander-Chile Price Performance

Banco Santander-Chile stock opened at $20.18 on Tuesday. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.42 and a beta of 0.86. The firm’s fifty day moving average is $20.17 and its 200 day moving average is $19.58. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.60. Banco Santander-Chile has a 52-week low of $16.89 and a 52-week high of $21.43.

Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings results on Wednesday, July 31st. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $599.94 million for the quarter, compared to analysts’ expectations of $693.44 million. Banco Santander-Chile had a net margin of 11.84% and a return on equity of 11.87%. Sell-side analysts forecast that Banco Santander-Chile will post 1.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in Banco Santander-Chile by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,569 shares of the bank’s stock worth $167,000 after buying an additional 815 shares during the period. Ballentine Partners LLC purchased a new position in Banco Santander-Chile in the 2nd quarter worth about $195,000. Frank Rimerman Advisors LLC purchased a new position in Banco Santander-Chile in the 2nd quarter worth about $248,000. Blue Trust Inc. increased its stake 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 buying an additional 3,179 shares during the period. Finally, Privium Fund Management B.V. increased its stake in Banco Santander-Chile by 15.1% in the 1st quarter. Privium Fund Management B.V. now owns 13,818 shares of the bank’s stock worth $274,000 after buying an additional 1,811 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.