Banco Santander Chile (NYSE:BSAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Banco Santander Chile (NYSE:BSAC) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other research analysts have also weighed in on BSAC. Citigroup raised shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Erste Group Bank upgraded shares of Banco Santander Chile to a “strong-buy” rating in a report on Tuesday, May 5th. UBS Group cut their price objective on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. The Goldman Sachs Group upped their target price on shares of Banco Santander Chile from $29.00 to $33.00 and gave the stock a “sell” rating in a research note on Thursday, July 16th. Finally, Zacks Research upgraded Banco Santander Chile from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Banco Santander Chile currently has a consensus rating of “Moderate Buy” and an average target price of $35.40.

Banco Santander Chile Stock Up 0.1%

Shares of Banco Santander Chile stock opened at $34.57 on Friday. The company has a market capitalization of $16.29 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 0.86 and a beta of 0.52. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.72 and a quick ratio of 0.48. The business has a 50-day moving average of $33.50 and a two-hundred day moving average of $33.26. Banco Santander Chile has a 1 year low of $23.31 and a 1 year high of $37.72.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings data on Tuesday, June 30th. The bank reported $0.87 earnings per share for the quarter. Banco Santander Chile had a return on equity of 22.94% and a net margin of 27.04%.The business had revenue of $905.26 million for the quarter. As a group, equities analysts predict that Banco Santander Chile will post 2.92 EPS for the current year.

Hedge Funds Weigh In On Banco Santander Chile

Several hedge funds have recently modified their holdings of BSAC. Raymond James Financial Inc. acquired a new position in shares of Banco Santander Chile during the 2nd quarter worth approximately $33,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Banco Santander Chile by 577.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after buying an additional 1,329 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Banco Santander Chile by 199.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock valued at $47,000 after buying an additional 1,007 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Banco Santander Chile by 739.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock valued at $47,000 after buying an additional 1,309 shares in the last quarter. Finally, Barclays PLC increased its holdings in Banco Santander Chile by 703.0% during the fourth quarter. Barclays PLC now owns 2,666 shares of the bank’s stock worth $83,000 after buying an additional 2,334 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Company Profile

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.