Banco Santander Chile (NYSE:BSAC) Shares Cross Below Fifty Day Moving Average - Time to Sell?

Key Points

• BSAC fell below its 50-day moving average, trading as low as $32.55 versus the average of $34.11, with its latest price near $33.07.
• Analyst sentiment is mixed but centers on a “Hold” consensus; the average price target is $35.20, with ratings ranging from Strong Buy to Sell.
• The bank reported quarterly EPS of $0.44, a 27.04% net margin, and a 22.94% return on equity. Institutional investors own 6.42% of shares, with several funds recently increasing or initiating positions.

Shares of Banco Santander Chile (NYSE:BSAC - Get Free Report) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $34.11 and traded as low as $32.55. Banco Santander Chile shares last traded at $33.0730, with a volume of 508,670 shares changing hands.

Analyst Ratings Changes

Several research firms have weighed in on BSAC. Wall Street Zen raised Banco Santander Chile from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Banco Santander Chile from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Zacks Research lowered Banco Santander Chile from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 27th. The Goldman Sachs Group increased their price objective 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Banco Santander Chile from $43.00 to $39.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Banco Santander Chile has a consensus rating of "Hold" and an average price target of $35.20.

Banco Santander Chile Stock Up 1.4%

The company has a market capitalization of $15.58 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.81 and a beta of 0.49. The company has a quick ratio of 0.48, a current ratio of 1.72 and a debt-to-equity ratio of 2.06. The firm has a 50 day moving average price of $34.11 and a two-hundred day moving average price of $33.31.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 13th. The bank reported $0.44 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. As a group, sell-side analysts expect that Banco Santander Chile will post 2.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nykredit A S bought a new stake in shares of Banco Santander Chile in the 2nd quarter worth approximately $1,414,000. ABS Direct Equity Fund LLC acquired a new stake in Banco Santander Chile during the second quarter valued at $1,317,000. SPX Gestao de Recursos Ltda acquired a new position in Banco Santander Chile in the first quarter worth approximately $1,886,000. Dimensional Fund Advisors LP boosted its holdings in Banco Santander Chile by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 643,160 shares of the bank's stock worth $21,461,000 after purchasing an additional 57,400 shares in the last quarter. Finally, INCA Investments LLC increased its holdings in shares of Banco Santander Chile by 18.8% during the 1st quarter. INCA Investments LLC now owns 1,263,892 shares of the bank's stock valued at $42,214,000 after acquiring an additional 199,618 shares during the last quarter. 6.42% of the stock is owned by institutional investors and hedge funds.

Banco Santander Chile Company Profile

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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