Banco Santander-Chile (NYSE:BSAC - Get Free Report) had its price objective hoisted by UBS Group from $20.00 to $24.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the bank's stock. UBS Group's target price indicates a potential downside of 3.30% from the company's previous close.
BSAC has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Banco Santander-Chile from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Bank of America downgraded 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 research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Banco Santander-Chile currently has a consensus rating of "Hold" and a consensus target price of $22.75.
Check Out Our Latest Report on BSAC
Banco Santander-Chile Stock Performance
BSAC stock traded up $0.16 on Monday, hitting $24.82. The company's stock had a trading volume of 156,790 shares, compared to its average volume of 306,593. The firm has a 50 day moving average of $23.85 and a two-hundred day moving average of $21.66. Banco Santander-Chile has a 1 year low of $18.19 and a 1 year high of $25.53. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.96 and a beta of 0.67. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70.
Banco Santander-Chile (NYSE:BSAC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The bank reported $0.61 EPS for the quarter, beating the consensus estimate of $0.55 by $0.06. The firm had revenue of $767.62 million during the quarter, compared to the consensus estimate of $717.38 billion. Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. Equities analysts predict that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.
Hedge Funds Weigh In On Banco Santander-Chile
A number of institutional investors and hedge funds have recently made changes to their positions in BSAC. Robeco Institutional Asset Management B.V. grew its stake in shares of Banco Santander-Chile by 42.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,092 shares of the bank's stock worth $2,378,000 after purchasing an additional 37,660 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Banco Santander-Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank's stock worth $58,000 after purchasing an additional 903 shares during the period. SPX Gestao de Recursos Ltda grew its stake in shares of Banco Santander-Chile by 171.7% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 96,355 shares of the bank's stock worth $1,817,000 after purchasing an additional 60,889 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Banco Santander-Chile by 10.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 258,377 shares of the bank's stock worth $4,873,000 after purchasing an additional 24,923 shares during the period. Finally, Corient Private Wealth LLC acquired a new position in shares of Banco Santander-Chile during the 4th quarter worth $232,000. 6.42% of the stock is owned by institutional investors and hedge funds.
About Banco Santander-Chile
(
Get Free Report)
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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