Analysts Set Banco Santander Chile (NYSE:BSAC) Price Target at $35.40

Banco Santander Chile (NYSE:BSACGet Free Report) has received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $35.40.

A number of analysts have recently weighed in on the company. Citigroup upgraded Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Zacks Research upgraded Banco Santander Chile from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Erste Group Bank raised Banco Santander Chile to a “strong-buy” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group upped their price objective on shares of Banco Santander Chile from $29.00 to $33.00 and gave the stock a “sell” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen downgraded shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th.

Check Out Our Latest Stock Analysis on Banco Santander Chile

Banco Santander Chile Price Performance

NYSE:BSAC opened at $35.07 on Friday. Banco Santander Chile has a one year low of $23.31 and a one year high of $37.72. The company has a market cap of $16.52 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.88 and a beta of 0.52. The firm’s fifty day moving average price is $33.17 and its two-hundred day moving average price is $33.31. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.72 and a quick ratio of 0.48.

Banco Santander Chile (NYSE:BSACGet Free Report) last announced its earnings results on Tuesday, June 30th. The bank reported $0.87 EPS for the quarter. The business had revenue of $905.26 million during the quarter. Banco Santander Chile had a net margin of 27.04% and a return on equity of 22.94%. Equities analysts expect that Banco Santander Chile will post 2.89 earnings per share for the current year.

Institutional Trading of Banco Santander Chile

A number of institutional investors and hedge funds have recently made changes to their positions in BSAC. Deprince Race & Zollo Inc. bought a new stake in shares of Banco Santander Chile during the fourth quarter worth about $3,369,000. SPX Gestao de Recursos Ltda bought a new position in Banco Santander Chile in the 1st quarter valued at about $1,886,000. INCA Investments LLC lifted its position in Banco Santander Chile by 18.8% in the 1st quarter. INCA Investments LLC now owns 1,263,892 shares of the bank’s stock valued at $42,214,000 after acquiring an additional 199,618 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Banco Santander Chile by 9.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 643,160 shares of the bank’s stock valued at $21,461,000 after purchasing an additional 57,400 shares during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new position in Banco Santander Chile during the 4th quarter valued at about $809,000. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Banco Santander Chile (NYSE:BSAC)

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