Banco Santander Chile (NYSE:BSAC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Banco Santander Chile (NYSE:BSAC) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $28.00 to $30.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.84% from the company’s previous close.

Several other brokerages have also commented on BSAC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, October 8th. Wall Street Zen lowered Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $26.00.

Banco Santander Chile Stock Up 1.0%

Shares of NYSE:BSAC opened at $27.82 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.58. The business has a fifty day moving average of $25.48 and a two-hundred day moving average of $24.52. The stock has a market cap of $13.11 billion, a P/E ratio of 11.59, a PEG ratio of 1.03 and a beta of 0.73. Banco Santander Chile has a 52-week low of $18.19 and a 52-week high of $27.85.

Banco Santander Chile (NYSE:BSAC) last issued its earnings results on Thursday, July 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). Banco Santander Chile had a net margin of 24.32% and a return on equity of 22.17%. The company had revenue of $757.38 million during the quarter, compared to analysts’ expectations of $758.17 million. On average, research analysts expect that Banco Santander Chile will post 2.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BSAC. GAMMA Investing LLC increased its holdings in shares of Banco Santander Chile by 3,456.9% in the 1st quarter. GAMMA Investing LLC now owns 8,003 shares of the bank’s stock valued at $182,000 after acquiring an additional 7,778 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Banco Santander Chile by 13.2% in the 1st quarter. Blue Trust Inc. now owns 16,540 shares of the bank’s stock valued at $377,000 after acquiring an additional 1,931 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Banco Santander Chile by 6.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 67,669 shares of the bank’s stock valued at $1,543,000 after acquiring an additional 4,000 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Banco Santander Chile in the 1st quarter valued at about $206,000. Finally, Genus Capital Management Inc. increased its holdings in shares of Banco Santander Chile by 200.0% in the 1st quarter. Genus Capital Management Inc. now owns 11,200 shares of the bank’s stock valued at $255,000 after acquiring an additional 22,400 shares during the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

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.