Banco Santander-Chile (NYSE:BSAC) Receives $19.97 Average Target Price from Analysts

Banco Santander-Chile (NYSE:BSAC) has been given an average recommendation of “Hold” by the four analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.97.

A number of equities analysts have recently issued reports on BSAC shares. Jefferies Financial Group started coverage on shares of Banco Santander-Chile in a research report on Monday, October 16th. They set a “hold” rating and a $18.90 target price on the stock. JPMorgan Chase & Co. increased their price target on Banco Santander-Chile from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, August 10th. StockNews.com downgraded Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Bank of America raised Banco Santander-Chile from an “underperform” rating to a “buy” rating and decreased their price target for the stock from $22.00 to $20.00 in a report on Thursday, November 2nd.

Banco Santander-Chile Stock Performance

Shares of Banco Santander-Chile stock opened at $18.71 on Friday. The firm has a market capitalization of $8.81 billion, a P/E ratio of 17.17, a P/E/G ratio of 7.50 and a beta of 0.77. Banco Santander-Chile has a 52 week low of $14.21 and a 52 week high of $21.81. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 3.98. The firm’s 50 day moving average is $17.99 and its two-hundred day moving average is $18.78.

Institutional Investors Weigh In On Banco Santander-Chile

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in shares of Banco Santander-Chile by 1.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,154,396 shares of the bank’s stock worth $59,460,000 after buying an additional 37,700 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Banco Santander-Chile by 37.2% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 21,400 shares of the bank’s stock worth $382,000 after buying an additional 5,800 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Banco Santander-Chile during the 1st quarter worth $2,019,000. Edmond DE Rothschild Holding S.A. raised its stake in shares of Banco Santander-Chile by 43.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 82,877 shares of the bank’s stock worth $1,478,000 after buying an additional 25,200 shares during the last quarter. Finally, Henry James International Management Inc. increased its position in Banco Santander-Chile by 16.8% during the 1st quarter. Henry James International Management Inc. now owns 46,732 shares of the bank’s stock worth $833,000 after purchasing an additional 6,711 shares in the last quarter. Institutional investors and hedge funds own 8.74% of the company’s stock.

Banco Santander-Chile Company Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.