Banco Santander Chile (NYSE:BSAC – Get Free Report) had its target price dropped by research analysts at UBS Group from $32.00 to $31.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. UBS Group’s target price indicates a potential upside of 0.06% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a research note 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 target on the stock in a research report on Wednesday, April 1st. Itau BBA Securities upgraded Banco Santander Chile from a “market perform” rating to an “outperform” rating in a report on Thursday, March 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.
Check Out Our Latest Stock Report on Banco Santander Chile
Banco Santander Chile Price Performance
Banco Santander Chile (NYSE:BSAC – Get Free Report) last announced its quarterly earnings data on Monday, April 13th. The bank reported $0.63 EPS for the quarter. The firm had revenue of $791.52 million for the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%. On average, equities analysts anticipate that Banco Santander Chile will post 2.85 earnings per share for the current year.
Institutional Investors Weigh In On Banco Santander Chile
Several large investors have recently added to or reduced their stakes in BSAC. USS Investment Management Ltd grew its stake in shares of Banco Santander Chile by 45.5% in 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 in the last quarter. INCA Investments LLC raised its stake in shares of Banco Santander Chile by 48.8% in the fourth 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 in the last quarter. Millennium Management LLC boosted its holdings in Banco Santander Chile by 221.0% in the fourth quarter. Millennium Management LLC now owns 271,827 shares of the bank’s stock valued at $8,457,000 after purchasing an additional 187,151 shares during the period. Arrowstreet Capital Limited Partnership grew 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 purchasing an additional 139,015 shares in the last quarter. Finally, WD Rutherford LLC purchased a new stake in Banco Santander Chile during the 1st quarter worth about $3,905,000. 6.42% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
- Five stocks we like better than Banco Santander Chile
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for Banco Santander Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Chile and related companies with MarketBeat.com's FREE daily email newsletter.
