Banco Santander Chile (NYSE:BSAC) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Banco Santander Chile (NYSE:BSAC) from a sell rating to a hold rating in a report released on Monday morning.

BSAC has been the topic of several other reports. JPMorgan Chase & Co. boosted their target price on Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, October 8th. Citigroup cut Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, UBS Group raised their target price on Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Santander Chile has a consensus rating of “Reduce” and an average price target of $27.67.

Banco Santander Chile Stock Up 1.9%

Shares of NYSE:BSAC opened at $31.26 on Monday. The company’s fifty day moving average is $29.37 and its 200-day moving average is $26.36. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.84 and a current ratio of 1.84. Banco Santander Chile has a 52 week low of $18.19 and a 52 week high of $31.38. The company has a market capitalization of $14.73 billion, a PE ratio of 13.48, a P/E/G ratio of 0.77 and a beta of 0.58.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings results on Monday, November 17th. The bank reported $0.99 earnings per share (EPS) for the quarter. The firm had revenue of $740.10 million during the quarter. Banco Santander Chile had a net margin of 24.74% and a return on equity of 22.18%. Equities research analysts predict that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Santander Chile

Several large investors have recently made changes to their positions in the company. Invesco Ltd. increased its position in Banco Santander Chile by 23.4% in the first quarter. Invesco Ltd. now owns 37,702 shares of the bank’s stock worth $860,000 after purchasing an additional 7,158 shares during the period. American Century Companies Inc. boosted its stake in shares of Banco Santander Chile by 9.4% in the 1st quarter. American Century Companies Inc. now owns 206,469 shares of the bank’s stock valued at $4,707,000 after purchasing an additional 17,661 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Banco Santander Chile by 54,450.0% in the 1st quarter. Brooklyn Investment Group now owns 1,091 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,089 shares during the last quarter. Vident Advisory LLC grew its position in shares of Banco Santander Chile by 182.4% during the 1st quarter. Vident Advisory LLC now owns 40,330 shares of the bank’s stock worth $920,000 after buying an additional 26,048 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Banco Santander Chile by 457.1% during the first quarter. AQR Capital Management LLC now owns 107,076 shares of the bank’s stock worth $2,441,000 after buying an additional 87,856 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.