Banco Santander Chile (NYSE:BSAC) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Banco Santander Chile (NYSE:BSAC) from a hold rating to a sell rating in a research note issued to investors on Saturday.

A number of other equities research analysts also recently commented on BSAC. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a research report on Monday, April 20th. Bank of America raised shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. raised shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 target price on the stock in a research report on Monday, March 30th. Morgan Stanley set a $38.00 target price on shares of Banco Santander Chile in a research report on Wednesday, March 11th. Finally, Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.50.

Banco Santander Chile Price Performance

Banco Santander Chile stock opened at $30.16 on Friday. Banco Santander Chile has a 52-week low of $22.77 and a 52-week high of $37.72. The company’s 50 day moving average is $32.55 and its two-hundred day moving average is $32.33. The company has a quick ratio of 1.77, a current ratio of 0.48 and a debt-to-equity ratio of 2.26. The firm has a market cap of $14.21 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.72 and a beta of 0.53.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings data on Monday, April 13th. The bank reported $0.63 EPS for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. The company had revenue of $791.52 million for the quarter. On average, research analysts expect that Banco Santander Chile will post 2.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BSAC. AQR Capital Management LLC grew its position in Banco Santander Chile by 457.1% during the 1st quarter. AQR Capital Management LLC now owns 107,076 shares of the bank’s stock worth $2,441,000 after purchasing an additional 87,856 shares during the last quarter. Jane Street Group LLC grew its position in Banco Santander Chile by 140.0% during the 1st quarter. Jane Street Group LLC now owns 47,222 shares of the bank’s stock worth $1,077,000 after purchasing an additional 27,549 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Banco Santander Chile during the 1st quarter worth $240,000. Creative Planning grew its position in Banco Santander Chile by 19.1% during the 2nd quarter. Creative Planning now owns 16,854 shares of the bank’s stock worth $425,000 after purchasing an additional 2,697 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Banco Santander Chile during the 2nd quarter worth $2,915,000. 6.42% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Chile Company Profile

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.