Banco Santander Chile (NYSE:BSAC) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Banco Santander Chile has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a more cautious outlook on the stock's performance.
• UBS Group has raised its target price for Banco Santander Chile to $24.00, while Bank of America has downgraded it to an "underperform" rating with the same price target.
• The company reported earnings of $0.60 EPS for the last quarter, missing analysts' consensus estimates of $0.62 by $0.02.

Banco Santander Chile (NYSE:BSAC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities analysts have also recently commented on the stock. UBS Group lifted their target price on shares of Banco Santander Chile from $20.00 to $24.00 and gave the company a "neutral" rating in a report on Monday, June 2nd. Bank of America downgraded shares of Banco Santander Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price objective on the stock. in a research report on Thursday, May 1st.

Banco Santander Chile Price Performance

Shares of BSAC opened at $23.11 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.76 and a quick ratio of 1.76. Banco Santander Chile has a 1-year low of $18.19 and a 1-year high of $25.53. The stock has a market cap of $10.89 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 0.66 and a beta of 0.67. The firm has a fifty day moving average price of $24.27 and a 200 day moving average price of $23.17.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last posted its earnings results on Thursday, July 31st. The bank reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.02). The firm had revenue of $757.38 million for the quarter, compared to analyst estimates of $758.17 million. Banco Santander Chile had a return on equity of 22.21% and a net margin of 24.32%. As a group, sell-side analysts anticipate that Banco Santander Chile will post 2.07 EPS for the current year.

Institutional Trading of Banco Santander Chile

A number of institutional investors have recently modified their holdings of BSAC. Brooklyn Investment Group boosted its position in Banco Santander Chile by 54,450.0% during the first quarter. Brooklyn Investment Group now owns 1,091 shares of the bank's stock worth $25,000 after purchasing an additional 1,089 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Banco Santander Chile by 601.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the bank's stock worth $34,000 after buying an additional 1,552 shares during the last quarter. Atlas Capital Advisors Inc. boosted its position in shares of Banco Santander Chile by 12.3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank's stock worth $149,000 after buying an additional 863 shares in the last quarter. GAMMA Investing LLC grew its stake 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 during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Banco Santander Chile during the 1st quarter valued at about $206,000. 6.42% of the stock is currently owned by hedge funds and other 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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