StockNews.com upgraded shares of Banco Santander-Chile (NYSE:BSAC – Free Report) from a sell rating to a hold rating in a report published on Wednesday morning.
Separately, HSBC lowered Banco Santander-Chile from a buy rating to a hold rating in a report on Tuesday, December 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $19.97.
Read Our Latest Research Report on Banco Santander-Chile
Banco Santander-Chile Trading Down 3.0 %
Banco Santander-Chile (NYSE:BSAC – Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $621.60 million during the quarter, compared to analyst estimates of $609.98 million. Banco Santander-Chile had a return on equity of 10.73% and a net margin of 9.99%. As a group, sell-side analysts predict that Banco Santander-Chile will post 1.84 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Banco Santander-Chile
Institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Banco Santander-Chile by 105.7% during the first quarter. FMR LLC now owns 1,563 shares of the bank’s stock valued at $28,000 after purchasing an additional 803 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Banco Santander-Chile by 115.5% during the fourth quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock valued at $33,000 after purchasing an additional 902 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Banco Santander-Chile during the second quarter valued at approximately $40,000. BNP Paribas Arbitrage SNC grew its holdings in shares of Banco Santander-Chile by 4,603.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 2,963 shares of the bank’s stock valued at $42,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new position in shares of Banco Santander-Chile during the first quarter valued at approximately $78,000. 6.42% of the stock is owned by institutional investors.
About Banco Santander-Chile
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.
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