Banco Santander-Chile (NYSE:BSAC) Receives $22.33 Consensus Price Target from Analysts

Shares of Banco Santander-Chile (NYSE:BSAC - Get Free Report) have earned an average rating of "Hold" from the five research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.75.

Several analysts have issued reports on BSAC shares. Wall Street Zen lowered Banco Santander-Chile from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Bank of America downgraded 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 note on Thursday, May 1st. Finally, UBS Group lifted their price objective 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.

Hedge Funds Weigh In On Banco Santander-Chile

Several hedge funds have recently bought and sold shares of the company. Candriam S.C.A. acquired a new position in Banco Santander-Chile during the first quarter valued at approximately $25,116,000. RWC Asset Management LLP lifted its position in shares of Banco Santander-Chile by 45.3% during the 1st quarter. RWC Asset Management LLP now owns 826,754 shares of the bank's stock worth $18,850,000 after buying an additional 257,895 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in Banco Santander-Chile by 247.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 274,114 shares of the bank's stock worth $5,170,000 after acquiring an additional 195,189 shares in the last quarter. Strs Ohio acquired a new position in Banco Santander-Chile during the first quarter worth about $2,990,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Banco Santander-Chile by 21.4% in the fourth quarter. Renaissance Technologies LLC now owns 659,627 shares of the bank's stock worth $12,441,000 after acquiring an additional 116,200 shares during the last quarter. 6.42% of the stock is owned by institutional investors.

Banco Santander-Chile Stock Up 0.1%

Shares of Banco Santander-Chile stock traded up $0.03 on Monday, hitting $24.85. The company had a trading volume of 238,308 shares, compared to its average volume of 307,336. The stock has a 50-day moving average of $23.89 and a 200-day moving average of $21.69. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. Banco Santander-Chile has a twelve month low of $18.19 and a twelve month high of $25.53. The firm has a market capitalization of $11.71 billion, a P/E ratio of 12.81, a P/E/G ratio of 0.96 and a beta of 0.67.

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

Banco Santander-Chile Increases Dividend

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

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.