Banco Santander Chile (NYSE:BSAC – Get Free Report) posted its quarterly earnings results on Tuesday. The bank reported $0.44 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $624.15 million for the quarter. Banco Santander Chile had a return on equity of 22.94% and a net margin of 27.04%.
Banco Santander Chile Stock Performance
Shares of BSAC stock opened at $32.19 on Thursday. The company has a quick ratio of 0.48, a current ratio of 1.72 and a debt-to-equity ratio of 2.06. The business has a 50 day moving average of $34.32 and a two-hundred day moving average of $33.31. Banco Santander Chile has a 52 week low of $26.94 and a 52 week high of $37.72. The company has a market cap of $15.16 billion, a P/E ratio of 12.28, a PEG ratio of 0.79 and a beta of 0.49.
Analysts Set New Price Targets
Several brokerages recently issued reports on BSAC. Citigroup raised shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. The Goldman Sachs Group boosted their target price on shares of Banco Santander Chile from $29.00 to $33.00 and gave the company a “sell” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings raised shares of Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Finally, Zacks Research cut shares of Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.20.
Institutional Trading of Banco Santander Chile
A number of institutional investors and hedge funds have recently made changes to their positions in BSAC. INCA Investments LLC grew its stake in Banco Santander Chile by 18.8% during the 1st quarter. INCA Investments LLC now owns 1,263,892 shares of the bank’s stock worth $42,214,000 after buying an additional 199,618 shares during the last quarter. WD Rutherford LLC bought a new stake in Banco Santander Chile in the first quarter valued at $3,905,000. Deprince Race & Zollo Inc. lifted its stake in Banco Santander Chile by 78.7% in the first quarter. Deprince Race & Zollo Inc. now owns 193,499 shares of the bank’s stock valued at $6,463,000 after buying an additional 85,215 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Banco Santander Chile by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 643,160 shares of the bank’s stock valued at $21,461,000 after buying an additional 57,400 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda bought a new stake in Banco Santander Chile in the first quarter valued at $1,886,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.
About Banco Santander Chile
Banco Santander Chile is a Chilean financial institution and a subsidiary of Spain-based Banco Santander. Listed on the New York Stock Exchange under the symbol BSAC, the bank provides banking and financial services to individuals, small and medium-sized businesses, middle-market companies, and large corporations throughout Chile.
Its principal offerings include consumer and commercial loans, mortgages, checking and savings accounts, credit and debit cards, insurance-related products, investment and wealth-management services, and payment and cash-management solutions.
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