Banco Santander Chile (NYSE:BSAC) Stock Rating Upgraded by Wall Street Zen

Banco Santander Chile (NYSE:BSAC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Friday.

Several other research firms have also commented on BSAC. UBS Group boosted 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, June 2nd. Bank of America cut shares of Banco Santander Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price objective for the company. in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $23.00.

Banco Santander Chile Price Performance

NYSE:BSAC traded up $0.07 during trading hours on Friday, hitting $23.65. The stock had a trading volume of 279,117 shares, compared to its average volume of 320,647. Banco Santander Chile has a one year low of $18.19 and a one year high of $25.53. 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 market capitalization of $11.14 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 0.68 and a beta of 0.68. The company has a 50 day simple moving average of $24.59 and a two-hundred day simple moving average of $22.84.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.06. Banco Santander Chile had a net margin of 23.00% and a return on equity of 21.48%. The company had revenue of $767.62 million for the quarter, compared to analysts' expectations of $717.38 billion. Research analysts forecast that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Institutional Trading of Banco Santander Chile

A number of hedge funds and other institutional investors have recently modified their holdings of BSAC. Brooklyn Investment Group boosted its position in shares of Banco Santander Chile by 54,450.0% during the first quarter. Brooklyn Investment Group now owns 1,091 shares of the bank's stock worth $25,000 after acquiring an additional 1,089 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of 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 worth $34,000 after acquiring an additional 1,552 shares during the last quarter. Atlas Capital Advisors Inc. boosted its position in shares of Banco Santander Chile by 12.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank's stock worth $149,000 after acquiring an additional 863 shares during the last quarter. GAMMA Investing LLC lifted its position in Banco Santander Chile by 3,456.9% during the first quarter. GAMMA Investing LLC now owns 8,003 shares of the bank's stock valued at $182,000 after purchasing an additional 7,778 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in Banco Santander Chile during the first quarter valued at $206,000. 6.42% of the stock is owned by hedge funds and other institutional investors.

About Banco Santander Chile

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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