Banco Santander-Chile (NYSE:BSAC) Receives $22.33 Average PT from Analysts

Shares of Banco Santander-Chile (NYSE:BSAC) have earned an average rating of “Hold” from the five analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $22.75.

Several equities research analysts have recently issued reports on the company. UBS Group lifted their target price on Banco Santander-Chile from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday. Wall Street Zen lowered shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Finally, Bank of America lowered shares of Banco Santander-Chile from a “neutral” rating to an “underperform” rating and set a $24.00 price objective on the stock. in a report on Thursday, May 1st.

Banco Santander-Chile Price Performance

Shares of NYSE BSAC opened at $24.71 on Monday. Banco Santander-Chile has a twelve month low of $18.19 and a twelve month high of $25.53. The stock’s 50-day simple moving average is $23.85 and its two-hundred day simple moving average is $21.66. The firm has a market capitalization of $11.64 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.96 and a beta of 0.67. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70.

Banco Santander-Chile (NYSE:BSAC) last announced its earnings results on Wednesday, April 30th. The bank reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The firm had revenue of $767.62 million for the quarter, compared to analyst estimates of $717.38 billion. Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. As a group, equities analysts anticipate that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Banco Santander-Chile Increases Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, May 6th. Shareholders of record on Wednesday, April 23rd were given a dividend of $1.349 per share. This is a positive change from Banco Santander-Chile’s previous annual dividend of $1.25. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a yield of 4.8%. Banco Santander-Chile’s payout ratio is 43.23%.

Institutional Investors Weigh In On Banco Santander-Chile

Institutional investors have recently added to or reduced their stakes in the business. Cardinal Capital Management grew its position in shares of Banco Santander-Chile by 0.5% in the first quarter. Cardinal Capital Management now owns 99,099 shares of the bank’s stock valued at $2,259,000 after purchasing an additional 472 shares during the period. Atlas Capital Advisors Inc. boosted its holdings in Banco Santander-Chile by 12.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank’s stock valued at $149,000 after purchasing an additional 863 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Banco Santander-Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock worth $58,000 after buying an additional 903 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Banco Santander-Chile by 54,450.0% in the first quarter. Brooklyn Investment Group now owns 1,091 shares of the bank’s stock worth $25,000 after buying an additional 1,089 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Banco Santander-Chile by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 492,868 shares of the bank’s stock valued at $9,295,000 after acquiring an additional 1,307 shares during the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

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.