Banco Santander Chile (NYSE:BSAC) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Banco Santander Chile has received a "hold (c)" rating from Weiss Ratings, while Wall Street Zen downgraded it from "hold" to "sell".
• The stock currently trades at approximately $28.31 with an average price target of $26.00, indicating a consensus rating of "Reduce".
• The bank reported earnings of $0.60 per share, missing the estimated $0.62, and has a significant debt-to-equity ratio of 2.58.

Banco Santander Chile (NYSE:BSAC - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on the company. Wall Street Zen lowered Banco Santander Chile from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. boosted their price objective on Banco Santander Chile from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $26.00.

Banco Santander Chile Price Performance

Shares of BSAC traded down $0.07 during trading hours on Friday, hitting $28.31. 267,487 shares of the stock were exchanged, compared to its average volume of 345,868. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.77 and a current ratio of 1.77. Banco Santander Chile has a 12-month low of $18.19 and a 12-month high of $28.66. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.73. The stock's 50-day moving average price is $25.79 and its two-hundred day moving average price is $24.68.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). The firm had revenue of $757.38 million for the quarter, compared to analysts' expectations of $758.17 million. Banco Santander Chile had a return on equity of 22.17% and a net margin of 24.32%. Research 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

Large investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. acquired a new position in shares of Banco Santander Chile in the 1st quarter valued at $206,000. Natixis Advisors LLC purchased a new stake in shares of Banco Santander Chile in the 1st quarter valued at $238,000. American Century Companies Inc. raised its holdings in shares of Banco Santander Chile by 9.4% in the 1st quarter. American Century Companies Inc. now owns 206,469 shares of the bank's stock valued at $4,707,000 after buying an additional 17,661 shares during the period. Strs Ohio purchased a new stake in shares of Banco Santander Chile in the 1st quarter valued at $2,990,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Banco Santander Chile by 30.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 31,529 shares of the bank's stock valued at $795,000 after buying an additional 7,338 shares during the period. Institutional investors and hedge funds own 6.42% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.