Banco Santander-Chile (NYSE:BSAC) Downgraded to Sell at StockNews.com

StockNews.com cut shares of Banco Santander-Chile (NYSE:BSAC) from a hold rating to a sell rating in a research note published on Friday.

Banco Santander-Chile Trading Up 0.6 %

BSAC opened at $18.14 on Friday. Banco Santander-Chile has a fifty-two week low of $16.89 and a fifty-two week high of $21.81. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.37 and a beta of 0.82. The company’s 50 day moving average price is $19.49 and its two-hundred day moving average price is $18.94.

Banco Santander-Chile (NYSE:BSAC) last posted its earnings results on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. The firm had revenue of $621.60 million for the quarter, compared to analyst estimates of $609.98 million. As a group, research analysts predict that Banco Santander-Chile will post 1.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in Banco Santander-Chile by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,569 shares of the bank’s stock worth $167,000 after buying an additional 815 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Banco Santander-Chile by 6.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 12,957 shares of the bank’s stock valued at $253,000 after purchasing an additional 826 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Banco Santander-Chile by 115.5% in the fourth quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock valued at $33,000 after purchasing an additional 902 shares during the last quarter. Russell Investments Group Ltd. grew its position in Banco Santander-Chile by 9.7% during the fourth quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock valued at $343,000 after buying an additional 1,551 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Banco Santander-Chile by 4.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 65,669 shares of the bank’s stock valued at $1,302,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 6.42% of the company’s stock.

About Banco Santander-Chile

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.