Banco Santander Chile (NYSE:BSAC) Sets New 1-Year High - What's Next?

Key Points

• Banco Santander Chile's shares reached a new 52-week high at $26.07, closing at $25.84, indicating a positive market sentiment.
• Analysts have mixed ratings for the stock, with UBS Group upgrading its price target to $24.00 while Wall Street Zen downgraded it from "hold" to "sell".
• The bank reported earnings of $0.60 per share, missing expectations of $0.62, along with a revenue of $757.38 million for the last quarter.

Banco Santander Chile (NYSE:BSAC - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $26.07 and last traded at $25.84, with a volume of 189349 shares. The stock had previously closed at $25.63.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wall Street Zen lowered Banco Santander Chile from a "hold" rating to a "sell" rating in a report on Friday, September 5th. UBS Group boosted their price objective on Banco Santander Chile from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Monday, June 2nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Banco Santander Chile presently has an average rating of "Reduce" and a consensus target price of $24.00.

Banco Santander Chile Trading Up 0.8%

The company has a market capitalization of $12.17 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 0.96 and a beta of 0.75. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a fifty day moving average price of $24.04 and a 200-day moving average price of $23.81.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last released its earnings results on Thursday, July 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $757.38 million during the quarter, compared to the consensus estimate of $758.17 million. Banco Santander Chile had a net margin of 24.32% and a return on equity of 22.21%. On average, equities research analysts anticipate that Banco Santander Chile will post 2.07 earnings per share for the current year.

Hedge Funds Weigh In On Banco Santander Chile

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its holdings in Banco Santander Chile by 601.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the bank's stock valued at $34,000 after purchasing an additional 1,552 shares during the period. Northern Trust Corp grew its holdings in Banco Santander Chile by 123.1% during the fourth quarter. Northern Trust Corp now owns 147,392 shares of the bank's stock valued at $2,780,000 after purchasing an additional 81,322 shares during the period. Bank of America Corp DE grew its holdings in Banco Santander Chile by 8.2% during the fourth quarter. Bank of America Corp DE now owns 290,572 shares of the bank's stock valued at $5,480,000 after purchasing an additional 21,983 shares during the period. D. E. Shaw & Co. Inc. grew its holdings 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 valued at $5,170,000 after purchasing an additional 195,189 shares during the period. Finally, Ethic Inc. grew its holdings in Banco Santander Chile by 21.1% during the fourth quarter. Ethic Inc. now owns 24,781 shares of the bank's stock valued at $467,000 after purchasing an additional 4,325 shares during the period. 6.42% of the stock is owned by institutional investors.

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.

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