Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and 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. It also provides mutual funds, insurance and securities brokerage, foreign exchange, financial leasing, factoring, financial consulting and advisory, investment management, foreign trade, treasury, and transactional services, as well as specialized services to finance projects for the real estate industry. In addition, the company offers short-term financing and fund raising, and brokerage services, as well as derivatives, securitization, and other tailor-made products. It serves individuals, small to middle-sized entities, companies, and large corporations, as well as universities, government entities, and local and regional governments. As of December 31, 2021, the company operated 326 branches, which include 220 under the Santander brand name, 14 under the Select brand name, 7 specialized branches for the middle market, and 22 as auxiliary and payment centers, as well as 1,338 ATMs, including depository ATMs. Banco Santander-Chile was incorporated in 1977 and is headquartered in Santiago, Chile.
Wall Street Analysts Forecast Growth
Several research analysts have commented on BSAC shares. Itaú Unibanco downgraded shares of Banco Santander-Chile from an "outperform" rating to a "market perform" rating and set a $22.00 price target on the stock. in a research note on Tuesday, June 7th. StockNews.com raised shares of Banco Santander-Chile from a "sell" rating to a "hold" rating in a research note on Friday, May 20th. Itau BBA Securities downgraded shares of Banco Santander-Chile from an "outperform" rating to a "market perform" rating and set a $22.00 target price on the stock. in a research note on Tuesday, June 7th. Finally, UBS Group raised shares of Banco Santander-Chile from a "sell" rating to a "neutral" rating and set a $17.00 target price on the stock in a research note on Thursday, June 30th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Banco Santander-Chile currently has an average rating of "Hold" and a consensus price target of $21.60.
Banco Santander-Chile Stock Down 1.6 %
Shares of BSAC Stock traded down $0.25 during mid-day trading on Tuesday, hitting $15.80. The company's stock had a trading volume of 226,513 shares, compared to its average volume of 647,819. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.62 and a beta of 0.70. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.80 and a current ratio of 1.80. Banco Santander-Chile has a 52-week low of $13.77 and a 52-week high of $22.95. The business has a 50-day moving average price of $16.66 and a 200 day moving average price of $19.05.