Banco Santander Chile (NYSE:BSAC) Receives $36.00 Consensus Target Price from Analysts

Shares of Banco Santander Chile (NYSE:BSAC) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $36.00.

Several equities research analysts have weighed in on BSAC shares. UBS Group lowered their target price on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. JPMorgan Chase & Co. raised shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Monday, March 30th. Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a report on Tuesday, May 5th. Bank of America raised shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a report on Wednesday, April 1st. Finally, Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Sunday, May 24th.

Institutional Trading of Banco Santander Chile

Institutional investors and hedge funds have recently modified their holdings of the stock. USS Investment Management Ltd boosted its position in Banco Santander Chile by 45.5% during the fourth quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock worth $48,603,000 after acquiring an additional 488,676 shares during the last quarter. INCA Investments LLC raised its stake in shares of Banco Santander Chile by 48.8% in the 4th quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock valued at $33,110,000 after acquiring an additional 349,082 shares during the period. Millennium Management LLC raised its stake in shares of Banco Santander Chile by 221.0% in the 4th quarter. Millennium Management LLC now owns 271,827 shares of the bank’s stock valued at $8,457,000 after acquiring an additional 187,151 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Banco Santander Chile by 120.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 254,585 shares of the bank’s stock worth $6,747,000 after buying an additional 139,015 shares during the period. Finally, WD Rutherford LLC purchased a new stake in Banco Santander Chile during the 1st quarter worth approximately $3,905,000. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Price Performance

NYSE BSAC opened at $32.09 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.48 and a current ratio of 0.48. The firm’s 50 day moving average price is $31.93 and its 200-day moving average price is $32.79. Banco Santander Chile has a 52-week low of $22.77 and a 52-week high of $37.72. The company has a market cap of $15.12 billion, a PE ratio of 13.83, a P/E/G ratio of 0.76 and a beta of 0.52.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings data on Monday, April 13th. The bank reported $0.63 earnings per share (EPS) for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. The firm had revenue of $791.52 million for the quarter. Sell-side analysts forecast that Banco Santander Chile will post 2.85 EPS for the current fiscal year.

About Banco Santander Chile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.