Banco Santander Chile's (BSAC) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Banco Santander Chile's stock received a "hold (C)" rating from Weiss Ratings, while Wall Street Zen downgraded it from "hold" to "sell".
• The bank reported $0.60 EPS for its latest quarter, missing the consensus estimate by $0.02, and had a revenue of $757.38 million.
• Banco Santander Chile's shares traded at $26.80, with a market cap of $12.63 billion and a one-year trading range between $18.19 and $26.84.

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

Separately, Wall Street Zen downgraded shares of Banco Santander Chile from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Banco Santander Chile has an average rating of "Reduce" and an average price target of $24.00.

Banco Santander Chile Price Performance

Shares of Banco Santander Chile stock traded up $0.77 on Wednesday, reaching $26.80. The stock had a trading volume of 248,461 shares, compared to its average volume of 348,496. Banco Santander Chile has a 1 year low of $18.19 and a 1 year high of $26.84. The company has a market cap of $12.63 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.00 and a beta of 0.73. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.58. The business's 50 day moving average is $24.89 and its two-hundred day moving average is $24.32.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.02). Banco Santander Chile had a return on equity of 22.17% and a net margin of 24.32%.The firm had revenue of $757.38 million during the quarter, compared to analysts' expectations of $758.17 million. As a group, research analysts anticipate that Banco Santander Chile will post 2.07 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BSAC. GAMMA Investing LLC raised its stake in shares of Banco Santander Chile by 3,456.9% during the first quarter. GAMMA Investing LLC now owns 8,003 shares of the bank's stock worth $182,000 after acquiring an additional 7,778 shares in the last quarter. Cardinal Capital Management raised its stake in shares of Banco Santander Chile by 0.5% during the first quarter. Cardinal Capital Management now owns 99,099 shares of the bank's stock worth $2,259,000 after acquiring an additional 472 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Banco Santander Chile by 13.2% during the first quarter. Blue Trust Inc. now owns 16,540 shares of the bank's stock worth $377,000 after acquiring an additional 1,931 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Banco Santander Chile by 6.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 67,669 shares of the bank's stock worth $1,543,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Banco Santander Chile during the first quarter worth approximately $206,000. 6.42% of the stock is owned by hedge funds and other 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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