Banco Santander-Chile (NYSE:BSAC) Receives $24.67 Average PT from Brokerages

Banco Santander-Chile (NYSE:BSACGet Rating) has received a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $24.67.

A number of research analysts have recently issued reports on the stock. Credit Suisse Group upgraded shares of Banco Santander-Chile from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $24.00 in a research note on Wednesday, March 2nd. StockNews.com began coverage on shares of Banco Santander-Chile in a report on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. downgraded shares of Banco Santander-Chile from an “overweight” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Thursday, February 17th. Finally, Zacks Investment Research raised shares of Banco Santander-Chile from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 15th.

Shares of Banco Santander-Chile stock opened at $21.48 on Friday. Banco Santander-Chile has a 52-week low of $15.37 and a 52-week high of $26.15. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.89. The business’s 50-day moving average price is $20.94. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.98 and a beta of 0.66.

Banco Santander-Chile (NYSE:BSACGet Rating) last issued its quarterly earnings results on Thursday, February 3rd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Banco Santander-Chile had a net margin of 22.70% and a return on equity of 19.06%. The business had revenue of $710.60 million for the quarter, compared to analyst estimates of $741.48 million. Equities analysts forecast that Banco Santander-Chile will post 1.96 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Thursday, May 5th. Investors of record on Friday, April 22nd will be issued a dividend of $0.909 per share. This represents a yield of 4.27%. The ex-dividend date is Thursday, April 21st. Banco Santander-Chile’s dividend payout ratio is currently 32.55%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC purchased a new stake in shares of Banco Santander-Chile in the third quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Banco Santander-Chile by 144.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,131 shares of the bank’s stock valued at $35,000 after purchasing an additional 1,259 shares in the last quarter. Royal Bank of Canada raised its position in shares of Banco Santander-Chile by 3,548.7% in the third quarter. Royal Bank of Canada now owns 2,846 shares of the bank’s stock valued at $56,000 after buying an additional 2,768 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Banco Santander-Chile by 18.7% in the third quarter. PNC Financial Services Group Inc. now owns 3,603 shares of the bank’s stock valued at $72,000 after buying an additional 568 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of Banco Santander-Chile in the third quarter valued at approximately $72,000. 10.51% of the stock is currently owned by institutional investors.

Banco Santander-Chile Company Profile (Get Rating)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and 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.

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