Banco Santander Chile (NYSE:BSAC) Stock Bumped Down to “Sell” by Wall Street Zen

Wall Street Zen cut shares of Banco Santander Chile (NYSE:BSAC) from a hold rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

Several other analysts have also recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Banco Santander Chile from $43.00 to $39.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. Zacks Research lowered Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Weiss Ratings cut Banco Santander Chile from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price target on Banco Santander Chile from $29.00 to $33.00 and gave the company a “sell” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.20.

Banco Santander Chile Stock Up 0.0%

Shares of NYSE BSAC opened at $32.34 on Friday. The firm has a fifty day simple moving average of $33.32 and a two-hundred day simple moving average of $33.42. Banco Santander Chile has a 12 month low of $28.65 and a 12 month high of $37.72. The company has a current ratio of 1.72, a quick ratio of 0.48 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $15.23 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 0.80 and a beta of 0.58.

Banco Santander Chile (NYSE:BSAC) last announced its earnings results on Tuesday, October 13th. The bank reported $0.52 earnings per share for the quarter. Banco Santander Chile had a net margin of 26.85% and a return on equity of 23.55%. The firm had revenue of $720.33 million for the quarter. Equities analysts expect that Banco Santander Chile will post 2.91 earnings per share for the current year.

Hedge Funds Weigh In On Banco Santander Chile

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Banco Santander Chile in the 2nd quarter worth approximately $35,000. EverSource Wealth Advisors LLC increased its position in Banco Santander Chile by 63.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,688 shares of the bank’s stock valued at $56,000 after buying an additional 653 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Banco Santander Chile during the third quarter valued at $78,000. Public Employees Retirement System of Ohio purchased a new position in Banco Santander Chile during the second quarter valued at $90,000. Finally, Parallel Advisors LLC raised its stake in Banco Santander Chile by 73.6% during the first quarter. Parallel Advisors LLC now owns 4,895 shares of the bank’s stock valued at $163,000 after buying an additional 2,076 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

About Banco Santander Chile