Banco Santander Chile (NYSE:BSAC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Banco Santander Chile has a “Moderate Buy” consensus rating from nine analysts, with three buys, two strong buys, three holds and one sell. The average 12-month price target is $35.40.
• Recent analyst actions were mixed: Citigroup and Erste Group upgraded the stock, while Goldman Sachs maintained a sell rating and UBS kept a neutral view with a lower price target.
• BSAC reported quarterly EPS of $0.87 on $905.26 million in revenue, with a 27.04% net margin and 22.94% return on equity. The shares recently opened at $35.13, near the analyst consensus target.

Shares of Banco Santander Chile (NYSE:BSAC - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $35.40.

BSAC has been the subject of a number of recent research reports. Citigroup raised shares of Banco Santander Chile from a "hold" rating to a "buy" rating in a research report on Thursday, June 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Banco Santander Chile in a report on Friday, July 17th. The Goldman Sachs Group lifted their target price on Banco Santander Chile from $29.00 to $33.00 and gave the company a "sell" rating in a research report on Thursday, July 16th. UBS Group cut their price target on Banco Santander Chile from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Friday, May 22nd. Finally, Erste Group Bank upgraded Banco Santander Chile to a "strong-buy" rating in a research report on Tuesday, May 5th.

Banco Santander Chile Stock Performance

BSAC opened at $35.13 on Friday. The company's 50 day moving average is $33.00 and its 200 day moving average is $33.29. The company has a current ratio of 1.72, a quick ratio of 0.48 and a debt-to-equity ratio of 2.06. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 0.88 and a beta of 0.52. Banco Santander Chile has a 12-month low of $23.31 and a 12-month high of $37.72.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last announced its earnings results on Tuesday, June 30th. The bank reported $0.87 EPS for the quarter. Banco Santander Chile had a net margin of 27.04% and a return on equity of 22.94%. The business had revenue of $905.26 million during the quarter. On average, equities research analysts predict that Banco Santander Chile will post 2.89 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Banco Santander Chile in the 2nd quarter worth $33,000. Smartleaf Asset Management LLC lifted its position in shares of Banco Santander Chile by 739.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank's stock valued at $47,000 after acquiring an additional 1,309 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Banco Santander Chile by 199.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank's stock worth $47,000 after acquiring an additional 1,007 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Banco Santander Chile by 577.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank's stock worth $39,000 after acquiring an additional 1,329 shares during the period. Finally, Barclays PLC grew its position in shares of Banco Santander Chile by 703.0% during the fourth quarter. Barclays PLC now owns 2,666 shares of the bank's stock worth $83,000 after purchasing an additional 2,334 shares in the last quarter. Hedge funds and other institutional investors 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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