Banco Santander Chile (NYSE:BSAC) Receives Average Recommendation of “Reduce” from Analysts

Banco Santander Chile (NYSE:BSAC) has earned an average rating of “Reduce” from the six brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $27.6667.

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group cut shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, October 8th. Wall Street Zen downgraded Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Tuesday, December 30th. JPMorgan Chase & Co. increased their target price on Banco Santander Chile from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Citigroup downgraded Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in Banco Santander Chile by 457.1% during the first quarter. AQR Capital Management LLC now owns 107,076 shares of the bank’s stock worth $2,441,000 after buying an additional 87,856 shares during the period. Jane Street Group LLC boosted its position in Banco Santander Chile by 140.0% during the 1st quarter. Jane Street Group LLC now owns 47,222 shares of the bank’s stock worth $1,077,000 after purchasing an additional 27,549 shares during the period. Acadian Asset Management LLC purchased a new stake in Banco Santander Chile during the 1st quarter worth $240,000. Cardinal Capital Management increased its holdings in Banco Santander Chile by 0.9% in the 2nd quarter. Cardinal Capital Management now owns 99,974 shares of the bank’s stock valued at $2,521,000 after purchasing an additional 875 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Banco Santander Chile by 30.3% in the second quarter. Public Employees Retirement System of Ohio now owns 31,529 shares of the bank’s stock valued at $795,000 after purchasing an additional 7,338 shares during the period. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Price Performance

Shares of NYSE:BSAC opened at $32.88 on Wednesday. The company has a market cap of $15.69 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.08 and a beta of 0.56. The business has a fifty day simple moving average of $30.90 and a 200-day simple moving average of $27.46. Banco Santander Chile has a 52 week low of $19.16 and a 52 week high of $33.49. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.51.

Banco Santander Chile (NYSE:BSAC) last released its earnings results on Monday, November 17th. The bank reported $0.99 earnings per share for the quarter. The firm had revenue of $740.10 million for the quarter. Banco Santander Chile had a return on equity of 22.18% and a net margin of 24.74%. Equities research analysts forecast that Banco Santander Chile will post 2.07 EPS for the current year.

About Banco Santander Chile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.