Banco Santander Chile (NYSE:BSAC) Price Target Raised to $33.00

Banco Santander Chile (NYSE:BSAC) had its price objective upped by The Goldman Sachs Group from $29.00 to $33.00 in a report published on Thursday morning,Benzinga reports. They currently have a sell rating on the bank’s stock.

Other analysts also recently issued reports about the stock. UBS Group lowered their price target on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Bank of America upgraded shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research report on Wednesday, April 1st. Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen cut Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Banco Santander Chile presently has an average rating of “Moderate Buy” and a consensus target price of $35.40.

Banco Santander Chile Trading Down 0.6%

NYSE BSAC opened at $32.88 on Thursday. The company has a fifty day moving average of $31.96 and a 200 day moving average of $33.05. The company has a market capitalization of $15.49 billion, a PE ratio of 14.17, a P/E/G ratio of 0.80 and a beta of 0.52. Banco Santander Chile has a 1 year low of $22.77 and a 1 year high of $37.72. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.48 and a quick ratio of 0.48.

Banco Santander Chile (NYSE:BSAC) last issued its earnings results on Friday, July 10th. The bank reported $0.88 EPS for the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%. Research analysts forecast that Banco Santander Chile will post 2.79 earnings per share for the current year.

Hedge Funds Weigh In On Banco Santander Chile

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Banco Santander Chile by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock worth $82,507,000 after acquiring an additional 17,119 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Banco Santander Chile by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,599,117 shares of the bank’s stock valued at $49,749,000 after purchasing an additional 5,660 shares in the last quarter. USS Investment Management Ltd lifted its holdings in Banco Santander Chile by 45.5% in the 4th quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock valued at $48,603,000 after purchasing an additional 488,676 shares in the last quarter. INCA Investments LLC boosted its stake in Banco Santander Chile by 18.8% during the 1st quarter. INCA Investments LLC now owns 1,263,892 shares of the bank’s stock worth $42,214,000 after purchasing an additional 199,618 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Banco Santander Chile by 9.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 643,160 shares of the bank’s stock worth $21,461,000 after purchasing an additional 57,400 shares during the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

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.