Banco Santander Chile (NYSE:BSAC) Stock Has Consensus Price Target of $35.40

Key Points

• Banco Santander Chile has a consensus “Hold” rating from nine analysts, with one sell, four hold, three buy, and one strong-buy recommendation. The average 12-month price target is $35.40, compared with the stock’s opening price of $34.39.
• Recent analyst sentiment has been mixed: Goldman Sachs raised its target to $33 while maintaining a sell rating, whereas Citigroup upgraded the stock to buy; other firms made more modest rating adjustments.
• The bank reported quarterly EPS of $0.87, $905.26 million in revenue, a 27.04% net margin, and a 22.94% return on equity. Institutional investors own 6.42% of the company, with several funds recently increasing their positions.

Shares of Banco Santander Chile (NYSE:BSAC - Get Free Report) have received a consensus rating of "Hold" from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $35.40.

BSAC has been the topic of several research reports. The Goldman Sachs Group raised their target price on shares of Banco Santander Chile from $29.00 to $33.00 and gave the stock a "sell" rating in a report on Thursday, July 16th. Citigroup upgraded shares of Banco Santander Chile from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Zacks Research cut Banco Santander Chile from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 27th. Weiss Ratings upgraded Banco Santander Chile from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Finally, Wall Street Zen raised Banco Santander Chile from a "sell" rating to a "hold" rating in a report on Saturday, August 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Banco Santander Chile during the 2nd quarter valued at about $35,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Banco Santander Chile by 63.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,688 shares of the bank's stock worth $56,000 after buying an additional 653 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Banco Santander Chile in the second quarter worth approximately $90,000. Parallel Advisors LLC grew its position in Banco Santander Chile by 73.6% during the first quarter. Parallel Advisors LLC now owns 4,895 shares of the bank's stock valued at $163,000 after buying an additional 2,076 shares during the period. Finally, Global Retirement Partners LLC grew its position in Banco Santander Chile by 11,750.9% during the fourth quarter. Global Retirement Partners LLC now owns 6,755 shares of the bank's stock valued at $210,000 after buying an additional 6,698 shares during the period. 6.42% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Chile Price Performance

BSAC opened at $34.39 on Monday. The company's 50-day simple moving average is $34.78 and its two-hundred day simple moving average is $33.23. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.48 and a current ratio of 1.72. The stock has a market capitalization of $16.20 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.83 and a beta of 0.51. Banco Santander Chile has a 52-week low of $25.87 and a 52-week high of $37.72.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last announced its quarterly 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 firm had revenue of $905.26 million during the quarter. As a group, analysts predict that Banco Santander Chile will post 2.99 EPS for the current year.

About Banco Santander Chile

Banco Santander Chile is a Chilean banking institution and a subsidiary of Banco Santander, SA The bank provides financial services to individuals, small and midsize businesses, companies, and institutional clients throughout Chile.

Its offerings include checking and savings accounts, consumer and commercial loans, residential mortgages, credit and debit cards, payment services, foreign-exchange services, insurance-related products, and investment and wealth-management solutions. Banco Santander Chile also provides corporate and investment-banking services, including financing, cash management, and other services for larger companies and institutional customers.

The bank traces its modern history to Santander's expansion in Chile and the consolidation of Banco Santander Chile and Banco Santiago in the early 2000s.

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