Banco Santander Chile (NYSE:BSAC) Given Average Recommendation of "Hold" by Analysts

Key Points

• Consensus "Hold": Seven analysts give Banco Santander Chile an average rating of "Hold" (1 sell, 4 hold, 2 buy) with a 1‑year average price target of $35.50.
• Analyst views are mixed: JPMorgan upgraded BSAC to "overweight" with a $40 target and Itau BBA to "outperform," while Goldman Sachs cut it to "strong sell," showing divergent broker opinions.
• Recent results and metrics: the stock opened at $33.18, trades in a 52‑week range of $20.77–$37.72, has a $15.6B market cap and P/E of 14.43, and reported quarterly EPS of $0.62 on $740.1M revenue with a 21.5% ROE.

Shares of Banco Santander Chile (NYSE:BSAC - Get Free Report) have been assigned an average rating of "Hold" from the seven research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $35.50.

A number of equities analysts have issued reports on BSAC shares. Itau BBA Securities raised shares of Banco Santander Chile from a "market perform" rating to an "outperform" rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. raised shares of Banco Santander Chile from a "neutral" rating to an "overweight" rating and set a $40.00 price objective on the stock in a report on Monday, March 30th. The Goldman Sachs Group lowered shares of Banco Santander Chile from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Banco Santander Chile from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Finally, Morgan Stanley set a $38.00 target price on shares of Banco Santander Chile in a research report on Wednesday, March 11th.

Banco Santander Chile Stock Down 0.1%

Shares of BSAC stock opened at $33.18 on Monday. Banco Santander Chile has a fifty-two week low of $20.77 and a fifty-two week high of $37.72. The firm has a market capitalization of $15.63 billion, a PE ratio of 14.43, a P/E/G ratio of 1.00 and a beta of 0.55. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.77 and a current ratio of 1.77. The stock's 50-day simple moving average is $34.01 and its 200-day simple moving average is $31.15.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last released its earnings results on Monday, February 9th. The bank reported $0.62 EPS for the quarter. The firm 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%. Equities analysts expect that Banco Santander Chile will post 2.07 earnings per share for the current year.

Hedge Funds Weigh In On Banco Santander Chile

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew 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 worth $82,507,000 after acquiring an additional 17,119 shares during the period. Vanguard Group Inc. lifted its holdings in Banco Santander Chile by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,599,117 shares of the bank's stock valued at $49,749,000 after acquiring an additional 5,660 shares during the period. USS Investment Management Ltd lifted its holdings in Banco Santander Chile by 45.5% in the fourth quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank's stock valued at $48,603,000 after acquiring an additional 488,676 shares during the period. INCA Investments LLC boosted its position in Banco Santander Chile by 48.8% in the 4th quarter. INCA Investments LLC now owns 1,064,274 shares of the bank's stock worth $33,110,000 after purchasing an additional 349,082 shares in the last quarter. Finally, TT International Asset Management LTD purchased a new stake in Banco Santander Chile in the 3rd quarter worth approximately $24,685,000. Institutional investors and hedge funds own 6.42% of the company's stock.

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.

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