Banco Santander-Chile (NYSE:BSAC) Receives $20.48 Average Price Target from Brokerages

Shares of Banco Santander-Chile (NYSE:BSAC) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Three investment 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 analysts that have issued a report on the stock in the last year is $21.00.

Several analysts have issued reports on BSAC shares. The Goldman Sachs Group raised Banco Santander-Chile from a “sell” rating to a “neutral” rating and upped their target price for the stock from $18.00 to $21.00 in a research note on Tuesday, August 20th. StockNews.com raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, Berenberg Bank raised shares of Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th.

Institutional Investors Weigh In On Banco Santander-Chile

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Banco Santander-Chile by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,569 shares of the bank’s stock worth $167,000 after purchasing an additional 815 shares during the period. Ballentine Partners LLC purchased a new stake in Banco Santander-Chile in the 2nd quarter worth approximately $195,000. Frank Rimerman Advisors LLC bought a new stake in shares of Banco Santander-Chile in the 2nd quarter worth approximately $248,000. Blue Trust Inc. increased its stake in shares of Banco Santander-Chile by 32.3% during the second quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock valued at $258,000 after buying an additional 3,179 shares during the period. Finally, Privium Fund Management B.V. raised its holdings in shares of Banco Santander-Chile by 15.1% during the first quarter. Privium Fund Management B.V. now owns 13,818 shares of the bank’s stock valued at $274,000 after acquiring an additional 1,811 shares in the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Stock Performance

Banco Santander-Chile stock opened at $20.50 on Tuesday. Banco Santander-Chile has a fifty-two week low of $16.89 and a fifty-two week high of $21.43. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $9.66 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 0.43 and a beta of 0.86. The firm’s fifty day moving average price is $20.29 and its 200-day moving average price is $19.59.

Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings results on Wednesday, July 31st. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Banco Santander-Chile had a net margin of 11.84% and a return on equity of 11.87%. The firm had revenue of $599.94 million for the quarter, compared to analysts’ expectations of $693.44 million. On average, equities research analysts expect that Banco Santander-Chile will post 1.82 earnings per share for the current fiscal year.

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.