Banco Santander Chile (NYSE:BSAC) Stock Rating Upgraded by Wall Street Zen

Banco Santander Chile (NYSE:BSAC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group cut Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Citigroup downgraded shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, November 7th. UBS Group boosted their target price on shares of Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $27.67.

Banco Santander Chile Stock Performance

Shares of NYSE BSAC opened at $36.14 on Friday. The firm’s 50-day moving average price is $33.74 and its 200-day moving average price is $29.39. Banco Santander Chile has a 52-week low of $20.77 and a 52-week high of $37.72. 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 posted its earnings results on Monday, February 9th. The bank reported $0.62 EPS for the quarter. The business had revenue of $740.07 million during the quarter. Banco Santander Chile had a net margin of 24.57% and a return on equity of 23.25%. As a group, equities analysts predict that Banco Santander Chile will post 2.07 earnings per share for the current year.

Hedge Funds Weigh In On Banco Santander Chile

A number of hedge funds have recently made changes to their positions in the business. Invesco Ltd. grew its position in shares of Banco Santander Chile by 18.3% during the fourth quarter. Invesco Ltd. now owns 43,551 shares of the bank’s stock worth $1,355,000 after purchasing an additional 6,745 shares in the last quarter. Corient Private Wealth LLC bought a new position in Banco Santander Chile in the 4th quarter worth approximately $292,000. Vident Advisory LLC grew its holdings in Banco Santander Chile by 6.6% during the 4th quarter. Vident Advisory LLC now owns 32,634 shares of the bank’s stock valued at $1,015,000 after buying an additional 2,007 shares in the last quarter. Millennium Management LLC grew its holdings in Banco Santander Chile by 221.0% during the 4th quarter. Millennium Management LLC now owns 271,827 shares of the bank’s stock valued at $8,457,000 after buying an additional 187,151 shares in the last quarter. Finally, Laird Norton Wetherby Trust Company LLC bought a new stake in shares of Banco Santander Chile during the fourth quarter valued at approximately $531,000. Institutional investors own 6.42% of the company’s stock.

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.