Banco Santander Chile (NYSE:BSAC) Stock Has Consensus Target Price of $35.20

Key Points

• Analysts have a consensus “Hold” rating on Banco Santander Chile, with four holds, three buys, one strong buy, and one sell. The average 12-month price target is $35.20 versus the stock’s recent $31.93 price.
• BSAC shares were trading down 3.2%, while the bank reported quarterly EPS of $0.44 on $624.15 million in revenue. It posted a 27.04% net margin and a 22.94% return on equity.
• Institutional investors and hedge funds own 6.42% of the company, with several firms increasing their positions during the second and third quarters.

Shares of Banco Santander Chile (NYSE:BSAC - Get Free Report) have received an average rating of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.20.

BSAC has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Banco Santander Chile from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. JPMorgan Chase & Co. cut their target price on Banco Santander Chile from $43.00 to $39.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 6th. The Goldman Sachs Group upped their price target on Banco Santander Chile from $29.00 to $33.00 and gave the stock a "sell" rating in a research note on Thursday, July 16th. Wall Street Zen upgraded Banco Santander Chile from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Citigroup upgraded Banco Santander Chile from a "hold" rating to a "buy" rating in a research report on Thursday, June 25th.

Banco Santander Chile Trading Down 3.2%

Shares of BSAC stock opened at $31.93 on Friday. Banco Santander Chile has a 1-year low of $27.91 and a 1-year high of $37.72. The firm has a market cap of $15.04 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.82 and a beta of 0.49. The company has a 50-day moving average of $34.04 and a two-hundred day moving average of $33.30. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.72 and a quick ratio of 0.48.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The bank reported $0.44 earnings per share (EPS) for the quarter. Banco Santander Chile had a net margin of 27.04% and a return on equity of 22.94%. The business had revenue of $624.15 million for the quarter. On average, analysts predict that Banco Santander Chile will post 2.91 EPS for the current year.

Hedge Funds Weigh In On Banco Santander Chile

Several hedge funds have recently bought and sold shares of BSAC. Cardinal Capital Management grew its position in Banco Santander Chile by 4.3% in the 3rd quarter. Cardinal Capital Management now owns 109,163 shares of the bank's stock valued at $3,642,000 after acquiring an additional 4,522 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Banco Santander Chile by 0.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,211,134 shares of the bank's stock valued at $40,403,000 after purchasing an additional 6,904 shares during the period. Novem Group boosted its stake in shares of Banco Santander Chile by 2.8% in the third quarter. Novem Group now owns 32,669 shares of the bank's stock valued at $1,090,000 after purchasing an additional 896 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Banco Santander Chile by 13.0% in the second quarter. QRG Capital Management Inc. now owns 7,245 shares of the bank's stock valued at $239,000 after purchasing an additional 833 shares during the period. Finally, ABS Direct Equity Fund LLC acquired a new position in shares of Banco Santander Chile in the second quarter valued at approximately $1,317,000. Institutional investors and hedge funds own 6.42% of the company's stock.

About Banco Santander Chile

Banco Santander Chile NYSE: BSAC is a commercial bank headquartered in Santiago, Chile. It provides banking and financial services to individuals, small and midsize businesses, corporations, and institutional clients throughout Chile. The bank operates as part of the global Santander Group, headquartered in Spain.

Its products and services include checking and savings accounts, credit and debit cards, consumer and residential mortgage loans, commercial lending, working-capital financing, and other forms of credit.

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