Banco Santander-Chile (NYSE:BSAC) Receives $21.50 Consensus Price Target from Brokerages

Banco Santander-Chile (NYSE:BSAC) has earned a consensus rating of “Hold” from the four analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.33.

Separately, Bank of America lowered Banco Santander-Chile from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $21.00 in a research report on Monday.

Hedge Funds Weigh In On Banco Santander-Chile

A number of hedge funds have recently added to or reduced their stakes in the company. Cardinal Capital Management increased its holdings in shares of Banco Santander-Chile by 1.2% in the 3rd quarter. Cardinal Capital Management now owns 98,907 shares of the bank’s stock worth $2,053,000 after purchasing an additional 1,145 shares in the last quarter. Sei Investments Co. increased its holdings in Banco Santander-Chile by 0.5% in the 2nd quarter. Sei Investments Co. now owns 328,744 shares of the bank’s stock worth $6,190,000 after buying an additional 1,553 shares in the last quarter. Blue Trust Inc. raised its position in Banco Santander-Chile by 32.3% in the 2nd quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock worth $258,000 after buying an additional 3,179 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Banco Santander-Chile by 30.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock valued at $366,000 after acquiring an additional 4,515 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Banco Santander-Chile by 5.6% during the 2nd quarter. American Century Companies Inc. now owns 154,030 shares of the bank’s stock valued at $2,900,000 after acquiring an additional 8,138 shares during the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander-Chile Price Performance

Shares of BSAC opened at $18.60 on Monday. Banco Santander-Chile has a fifty-two week low of $17.73 and a fifty-two week high of $21.43. The firm’s 50-day simple moving average is $19.63 and its two-hundred day simple moving average is $19.74. The stock has a market cap of $8.76 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 0.41 and a beta of 0.87. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79.

Banco Santander-Chile Company Profile

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.