Banco Santander Chile (NYSE:BSAC) Receives $27.67 Consensus Target Price from Analysts

Shares of Banco Santander Chile (NYSE:BSAC) have been given a consensus rating of “Reduce” by the six analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.6667.

Several brokerages recently issued reports on BSAC. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, January 21st. The Goldman Sachs Group lowered Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Citigroup lowered Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, November 7th. UBS Group increased their price objective on Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Finally, Wall Street Zen lowered shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Tuesday, December 30th.

Institutional Investors Weigh In On Banco Santander Chile

A number of large investors have recently bought and sold shares of BSAC. JPMorgan Chase & Co. raised its holdings in Banco Santander Chile by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock valued at $82,507,000 after buying an additional 17,119 shares in the last quarter. TT International Asset Management LTD acquired a new position in shares of Banco Santander Chile during the 3rd quarter valued at about $24,685,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Banco Santander Chile by 200.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 832,647 shares of the bank’s stock valued at $22,065,000 after acquiring an additional 555,919 shares in the last quarter. Aberdeen Group plc raised its stake in shares of Banco Santander Chile by 10.8% in the 2nd quarter. Aberdeen Group plc now owns 738,038 shares of the bank’s stock valued at $18,525,000 after acquiring an additional 72,203 shares in the last quarter. Finally, INCA Investments LLC lifted its holdings in Banco Santander Chile by 36.4% in the 3rd quarter. INCA Investments LLC now owns 715,192 shares of the bank’s stock worth $18,953,000 after purchasing an additional 191,014 shares during the last quarter. 6.42% of the stock is currently owned by institutional investors.

Banco Santander Chile Stock Performance

BSAC stock opened at $36.93 on Wednesday. The firm has a 50 day simple moving average of $31.52 and a 200 day simple moving average of $27.86. Banco Santander Chile has a 52 week low of $19.70 and a 52 week high of $37.08. The stock has a market cap of $17.12 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.16 and a beta of 0.56. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.84 and a current ratio of 1.84.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings data 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 net margin of 24.74% and a return on equity of 22.18%. Research analysts anticipate that Banco Santander Chile will post 2.07 earnings per share 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.