Analysts Set Banco Santander Chile (NYSE:BSAC) Price Target at $30.25

Shares of Banco Santander Chile (NYSE:BSAC) have received an average recommendation of “Reduce” from the six brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $30.25.

Several equities analysts have weighed in on BSAC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, January 21st. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. The Goldman Sachs Group downgraded shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Finally, Morgan Stanley set a $38.00 target price on shares of Banco Santander Chile in a research note on Wednesday.

Hedge Funds Weigh In On Banco Santander Chile

Large investors have recently made changes to their positions in the business. Simplex Trading LLC bought a new position in shares of Banco Santander Chile in the second quarter worth about $25,000. Raymond James Financial Inc. bought a new stake in Banco Santander Chile during the 2nd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised its stake in Banco Santander Chile by 577.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,329 shares during the period. Farther Finance Advisors LLC lifted its holdings 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Banco Santander Chile by 739.5% in the 4th 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 in the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Chile Stock Down 0.1%

NYSE BSAC opened at $30.54 on Thursday. The stock’s 50-day moving average price is $34.32 and its 200-day moving average price is $30.37. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.94. Banco Santander Chile has a 52 week low of $20.77 and a 52 week high of $37.72. The company has a market capitalization of $14.39 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 0.98 and a beta of 0.57.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings data on Monday, February 9th. The bank reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $740.07 million during the quarter. Banco Santander Chile had a return on equity of 21.51% and a net margin of 24.57%. On average, equities research analysts predict that Banco Santander Chile will post 2.07 earnings per share for the current 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.