Banco Santander-Chile (NYSE:BSAC) Rating Increased to Hold at StockNews.com

Banco Santander-Chile (NYSE:BSACGet Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Separately, HSBC downgraded shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Banco Santander-Chile currently has a consensus rating of “Hold” and an average target price of $19.97.

Get Our Latest Analysis on Banco Santander-Chile

Banco Santander-Chile Stock Down 0.7 %

Shares of NYSE BSAC opened at $19.40 on Thursday. The stock has a market cap of $9.14 billion, a P/E ratio of 15.28, a P/E/G ratio of 0.40 and a beta of 0.82. The firm has a 50 day moving average price of $19.12 and a 200 day moving average price of $18.76. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.80 and a current ratio of 1.80. Banco Santander-Chile has a 52-week low of $16.52 and a 52-week high of $21.81.

Banco Santander-Chile (NYSE:BSACGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $621.60 million for the quarter, compared to analyst estimates of $609.98 million. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. Analysts expect that Banco Santander-Chile will post 1.84 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BSAC. Price T Rowe Associates Inc. MD raised its holdings in Banco Santander-Chile by 1,552.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,267,896 shares of the bank’s stock valued at $99,284,000 after buying an additional 5,888,617 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Banco Santander-Chile by 970.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,813,883 shares of the bank’s stock valued at $32,342,000 after purchasing an additional 1,644,425 shares during the period. INCA Investments LLC increased its position in Banco Santander-Chile by 50.2% during the 1st quarter. INCA Investments LLC now owns 1,781,000 shares of the bank’s stock valued at $40,233,000 after purchasing an additional 595,421 shares during the period. BlackRock Inc. increased its position in Banco Santander-Chile by 23.4% during the 3rd quarter. BlackRock Inc. now owns 2,782,526 shares of the bank’s stock valued at $38,983,000 after purchasing an additional 527,872 shares during the period. Finally, AGF Management Ltd. acquired a new stake in Banco Santander-Chile during the 4th quarter valued at approximately $7,991,000. Institutional investors own 8.74% of the company’s stock.

Banco Santander-Chile Company Profile

(Get Free Report)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking 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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