Banco Santander Chile (NYSE:BSAC) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Banco Santander Chile (NYSE:BSAC) had its price objective hoisted by research analysts at The Goldman Sachs Group from $29.00 to $33.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “sell” rating on the bank’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 0.38% from the stock’s previous close.

BSAC has been the subject of several other research reports. Erste Group Bank raised Banco Santander Chile to a “strong-buy” rating in a report on Tuesday, May 5th. Citigroup upgraded shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Bank of America raised shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. raised shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price target on the stock in a research report on Monday, March 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.40.

Banco Santander Chile Price Performance

NYSE:BSAC opened at $32.88 on Thursday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.48 and a current ratio of 0.48. The stock’s 50-day simple moving average is $31.96 and its 200 day simple moving average is $33.05. The company has a market cap of $15.49 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.80 and a beta of 0.52. Banco Santander Chile has a 52-week low of $22.77 and a 52-week high of $37.72.

Banco Santander Chile (NYSE:BSAC) last released its earnings results on Friday, July 10th. The bank reported $0.88 earnings per share (EPS) for the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%. As a group, sell-side analysts forecast that Banco Santander Chile will post 2.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in Banco Santander Chile by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock valued at $82,507,000 after purchasing an additional 17,119 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Banco Santander Chile by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,599,117 shares of the bank’s stock valued at $49,749,000 after purchasing an additional 5,660 shares during the last quarter. USS Investment Management Ltd increased its holdings in shares of Banco Santander Chile by 45.5% in the fourth quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock valued at $48,603,000 after purchasing an additional 488,676 shares during the last quarter. INCA Investments LLC raised its position in shares of Banco Santander Chile by 18.8% in the first quarter. INCA Investments LLC now owns 1,263,892 shares of the bank’s stock valued at $42,214,000 after purchasing an additional 199,618 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Banco Santander Chile by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 643,160 shares of the bank’s stock valued at $21,461,000 after purchasing an additional 57,400 shares during the period. 6.42% of the stock is currently owned by institutional investors.

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.