Banco Santander-Chile (NYSE:BSAC) Given Consensus Rating of “Hold” by Analysts

Shares of Banco Santander-Chile (NYSE:BSAC) have been given an average recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.48.

A number of brokerages recently commented on BSAC. StockNews.com upgraded shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday. Berenberg Bank raised shares of Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th. Finally, Itau BBA Securities upgraded shares of Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Wednesday, June 12th.

Banco Santander-Chile Trading Down 3.3 %

Shares of NYSE:BSAC opened at $18.73 on Thursday. The company’s 50-day moving average price is $19.39 and its two-hundred day moving average price is $19.23. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.83 and a quick ratio of 1.86. Banco Santander-Chile has a one year low of $16.89 and a one year high of $21.19. The stock has a market capitalization of $8.82 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 0.41 and a beta of 0.86.

Institutional Investors Weigh In On Banco Santander-Chile

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSAC. AGF Management Ltd. purchased a new stake in shares of Banco Santander-Chile in the 4th quarter worth about $7,991,000. RWC Asset Management LLP grew its position in Banco Santander-Chile by 60.5% during the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock valued at $14,999,000 after purchasing an additional 300,257 shares during the last quarter. ABS Direct Equity Fund LLC bought a new position in Banco Santander-Chile during the 4th quarter valued at about $2,327,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Banco Santander-Chile during the 1st quarter valued at about $929,000. Finally, DNB Asset Management AS lifted its stake in Banco Santander-Chile by 35.8% during the 2nd quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock valued at $3,140,000 after acquiring an additional 43,949 shares during the period. 6.42% of the stock is currently owned by institutional investors.

About Banco Santander-Chile

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.