Banco Santander Chile (NYSE:BSAC) Receives $36.00 Average PT from Brokerages

Shares of Banco Santander Chile (NYSE:BSAC) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.40.

BSAC has been the topic of a number of recent research reports. Bank of America upgraded Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research report on Wednesday, April 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a report on Monday, April 20th. The Goldman Sachs Group boosted their target price on Banco Santander Chile from $29.00 to $33.00 and gave the company a “sell” rating in a research report on Thursday. UBS Group decreased their price target on Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Finally, Citigroup upgraded Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th.

Institutional Investors Weigh In On Banco Santander Chile

Several institutional investors have recently made changes to their positions in BSAC. Raymond James Financial Inc. bought a new position in Banco Santander Chile during the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC raised its position in Banco Santander Chile by 577.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after purchasing an additional 1,329 shares during the period. Farther Finance Advisors LLC raised its position in Banco Santander Chile by 199.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after purchasing an additional 1,007 shares during the period. Smartleaf Asset Management LLC lifted its stake in Banco Santander Chile by 739.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock worth $47,000 after purchasing an additional 1,309 shares during the last quarter. Finally, Barclays PLC lifted its stake in Banco Santander Chile by 703.0% in the fourth quarter. Barclays PLC now owns 2,666 shares of the bank’s stock worth $83,000 after purchasing an additional 2,334 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Stock Down 0.6%

Shares of NYSE BSAC opened at $32.88 on Wednesday. The firm’s 50-day moving average price is $31.96 and its 200-day moving average price is $33.05. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 0.80 and a beta of 0.52. Banco Santander Chile has a 12-month low of $22.77 and a 12-month high of $37.72.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings results on Friday, July 10th. The bank reported $0.88 EPS for the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%. On average, equities research analysts anticipate that Banco Santander Chile will post 2.79 EPS for the current fiscal year.

Banco Santander Chile Company Profile

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.