Brokerages Set Banco Santander-Chile (NYSE:BSAC) PT at $22.33

Banco Santander-Chile (NYSE:BSAC - Get Free Report) has received a consensus rating of "Hold" from the five research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $22.75.

Several research analysts have recently weighed in on BSAC shares. Bank of America cut shares of Banco Santander-Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price target on the stock. in a research report on Thursday, May 1st. Wall Street Zen lowered shares of Banco Santander-Chile from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, UBS Group increased their target price on shares of Banco Santander-Chile from $20.00 to $24.00 and gave the stock a "neutral" rating in a research note on Monday.

Banco Santander-Chile Price Performance

Shares of NYSE:BSAC traded up $0.18 during trading on Monday, reaching $24.84. The stock had a trading volume of 358,370 shares, compared to its average volume of 307,614. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. 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 $11.70 billion, a PE ratio of 12.81, a PEG ratio of 0.96 and a beta of 0.67. The business has a fifty day moving average price of $23.85 and a 200-day moving average price of $21.66.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.06. Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. The firm had revenue of $767.62 million for the quarter, compared to the consensus estimate of $717.38 billion. On average, equities analysts forecast that Banco Santander-Chile will post 2.07 earnings per share for the current fiscal year.

Banco Santander-Chile Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, May 6th. Investors of record on Wednesday, April 23rd were issued a $1.349 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 4.8%. This is a boost from Banco Santander-Chile's previous annual dividend of $1.25. Banco Santander-Chile's payout ratio is 43.23%.

Institutional Investors Weigh In On Banco Santander-Chile

A number of hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of Banco Santander-Chile by 11.0% during the fourth quarter. Blue Trust Inc. now owns 18,415 shares of the bank's stock worth $382,000 after acquiring an additional 1,831 shares during the period. R Squared Ltd purchased a new stake in Banco Santander-Chile during the 4th quarter worth about $61,000. Robeco Institutional Asset Management B.V. raised its position in Banco Santander-Chile by 42.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,092 shares of the bank's stock valued at $2,378,000 after purchasing an additional 37,660 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Banco Santander-Chile by 41.3% in the 4th 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. Finally, SPX Gestao de Recursos Ltda grew its position in shares of Banco Santander-Chile by 171.7% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 96,355 shares of the bank's stock worth $1,817,000 after buying an additional 60,889 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors and hedge funds.

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.