Banco Santander-Chile (NYSE:BSAC) Cut to "Underperform" at Bank of America

Banco Santander-Chile (NYSE:BSAC - Get Free Report) was downgraded by stock analysts at Bank of America from a "neutral" rating to an "underperform" rating in a research report issued to clients and investors on Thursday,Finviz reports. They presently have a $24.00 target price on the bank's stock. Bank of America's price target would suggest a potential downside of 0.33% from the stock's previous close.

Banco Santander-Chile Trading Down 0.6 %

Shares of BSAC opened at $24.08 on Thursday. The stock's fifty day simple moving average is $22.80 and its 200-day simple moving average is $20.83. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $11.34 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. Banco Santander-Chile has a 12-month low of $17.83 and a 12-month high of $24.90.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The bank reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. As a group, research analysts predict that Banco Santander-Chile will post 2.07 earnings per share for the current year.

Institutional Investors Weigh In On Banco Santander-Chile

Several large investors have recently modified their holdings of BSAC. Tower Research Capital LLC TRC grew its position in shares of Banco Santander-Chile by 601.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the bank's stock valued at $34,000 after purchasing an additional 1,552 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Banco Santander-Chile by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank's stock valued at $58,000 after buying an additional 903 shares during the period. R Squared Ltd bought a new stake in shares of Banco Santander-Chile during the fourth quarter worth $61,000. Atlas Capital Advisors Inc. raised its holdings in shares of Banco Santander-Chile by 12.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank's stock worth $149,000 after acquiring an additional 863 shares during the period. Finally, GAMMA Investing LLC lifted its position in Banco Santander-Chile by 3,456.9% in the 1st quarter. GAMMA Investing LLC now owns 8,003 shares of the bank's stock valued at $182,000 after acquiring an additional 7,778 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors.

Banco Santander-Chile Company Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.

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