Banco Santander-Chile (NYSE:BSAC) Receives Consensus Recommendation of “Hold” from Analysts

Banco Santander-Chile (NYSE:BSAC) has received a consensus recommendation of “Hold” from the four brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $21.33.

Separately, Bank of America downgraded shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $22.00 to $21.00 in a research note on Monday, December 16th.

Banco Santander-Chile Trading Up 0.6 %

BSAC stock opened at $18.94 on Monday. The company has a market capitalization of $8.92 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 0.41 and a beta of 0.87. Banco Santander-Chile has a one year low of $17.73 and a one year high of $21.43. The company’s 50 day moving average price is $19.56 and its two-hundred day moving average price is $19.73. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BSAC. abrdn plc grew its holdings in shares of Banco Santander-Chile by 76.4% in the third quarter. abrdn plc now owns 861,295 shares of the bank’s stock worth $18,036,000 after purchasing an additional 372,936 shares during the last quarter. RWC Asset Management LLP boosted its holdings in Banco Santander-Chile by 60.5% in the second quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock valued at $14,999,000 after acquiring an additional 300,257 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Banco Santander-Chile by 900.5% in the second quarter. Itau Unibanco Holding S.A. now owns 165,285 shares of the bank’s stock valued at $3,107,000 after acquiring an additional 148,764 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Banco Santander-Chile in the third quarter valued at $1,724,000. Finally, State Street Corp boosted its holdings in Banco Santander-Chile by 25.3% in the third quarter. State Street Corp now owns 293,049 shares of the bank’s stock valued at $6,084,000 after acquiring an additional 59,215 shares in the last quarter. Institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Company Profile

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.