StockNews.com Upgrades Banco Santander-Chile (NYSE:BSAC) to Hold

Banco Santander-Chile (NYSE:BSACGet Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Several other analysts have also commented on BSAC. Bank of America upgraded shares of Banco Santander-Chile from an “underperform” rating to a “buy” rating and dropped their price target for the company from $22.00 to $20.00 in a research report on Thursday, November 2nd. HSBC lowered shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Jefferies Financial Group began coverage on shares of Banco Santander-Chile in a research report on Monday, October 16th. They issued a “hold” rating and a $18.90 target price on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.97.

Read Our Latest Stock Report on BSAC

Banco Santander-Chile Stock Down 0.7 %

BSAC stock opened at $18.55 on Monday. The firm has a market cap of $8.74 billion, a PE ratio of 14.61 and a beta of 0.80. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.94 and a current ratio of 1.94. The firm’s fifty day moving average is $19.10 and its 200 day moving average is $18.82. Banco Santander-Chile has a one year low of $16.24 and a one year high of $21.81.

Institutional Trading of Banco Santander-Chile

Several institutional investors have recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Banco Santander-Chile by 105.7% in the first quarter. FMR LLC now owns 1,563 shares of the bank’s stock worth $28,000 after buying an additional 803 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Banco Santander-Chile in the second quarter worth about $40,000. BNP Paribas Arbitrage SNC lifted its stake in shares of Banco Santander-Chile by 4,603.2% in the third quarter. BNP Paribas Arbitrage SNC now owns 2,963 shares of the bank’s stock worth $42,000 after buying an additional 2,900 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Banco Santander-Chile in the first quarter worth about $78,000. Finally, Fortis Capital Advisors LLC purchased a new position in shares of Banco Santander-Chile in the first quarter worth about $78,000. Institutional investors and hedge funds own 8.74% of the company’s stock.

About Banco Santander-Chile

(Get Free Report)

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.

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