Citigroup Upgrades Banco Santander Chile (NYSE:BSAC) to “Buy”

Posted by George Bondi on Jun 25th, 2026

Banco Santander Chile (NYSE:BSAC – Get Free Report) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday,Benzinga reports.

BSAC has been the subject of several other research reports. Itau BBA Securities raised Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. upgraded shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 target price on the stock in a research note on Monday, March 30th. Bank of America raised shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Wednesday, April 1st. Wall Street Zen raised Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Finally, Morgan Stanley set a $38.00 price target on shares of Banco Santander Chile in a research note on Wednesday, March 11th. One research analyst has 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 company. According to data from MarketBeat, Banco Santander Chile presently has an average rating of “Moderate Buy” and an average target price of $36.00.

Check Out Our Latest Stock Report on BSAC

Banco Santander Chile Price Performance

Banco Santander Chile stock traded up $0.65 during trading hours on Thursday, hitting $32.10. 355,645 shares of the stock were exchanged, compared to its average volume of 417,316. Banco Santander Chile has a 12 month low of $22.77 and a 12 month high of $37.72. The business’s 50-day moving average is $32.08 and its two-hundred day moving average is $32.77. 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 stock has a market capitalization of $15.12 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.76 and a beta of 0.52.

Banco Santander Chile (NYSE:BSAC – Get Free Report) last announced its quarterly earnings data on Monday, April 13th. The bank reported $0.63 earnings per share for the quarter. The business had revenue of $791.52 million for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. Equities research analysts expect that Banco Santander Chile will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Banco Santander Chile

A number of institutional investors have recently added to or reduced their stakes in BSAC. Sequoia Financial Advisors LLC grew its holdings in shares of Banco Santander Chile by 8.8% in the first quarter. Sequoia Financial Advisors LLC now owns 7,645 shares of the bank’s stock valued at $255,000 after purchasing an additional 618 shares during the period. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 653 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Banco Santander Chile by 22.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,949 shares of the bank’s stock worth $123,000 after buying an additional 731 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Banco Santander Chile by 6.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,629 shares of the bank’s stock worth $388,000 after acquiring an additional 755 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Banco Santander Chile by 29.1% in the fourth quarter. Advisors Asset Management Inc. now owns 3,398 shares of the bank’s stock valued at $106,000 after purchasing an additional 766 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

About Banco Santander Chile

(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.