Brokerages Set Banco Santander-Chile (NYSE:BSAC) Target Price at $20.48

Banco Santander-Chile (NYSE:BSAC) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $20.48.

Several analysts have issued reports on BSAC shares. Itau BBA Securities raised Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Wednesday, June 12th. Berenberg Bank raised shares of Banco Santander-Chile to a “hold” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group raised Banco Santander-Chile from a “sell” rating to a “neutral” rating and lifted their target price for the company from $18.00 to $21.00 in a research report on Tuesday, August 20th.

Banco Santander-Chile Price Performance

Banco Santander-Chile stock opened at $20.88 on Friday. The business’s 50-day simple moving average is $20.14 and its 200 day simple moving average is $19.55. The company has a quick ratio of 1.86, a current ratio of 1.83 and a debt-to-equity ratio of 3.60. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 0.43 and a beta of 0.86. Banco Santander-Chile has a 12-month low of $16.89 and a 12-month high of $21.19.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Wednesday, July 31st. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Banco Santander-Chile had a return on equity of 11.87% and a net margin of 11.84%. The company had revenue of $599.94 million for the quarter, compared to analyst estimates of $693.44 million. As a group, research analysts anticipate that Banco Santander-Chile will post 1.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in Banco Santander-Chile by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,569 shares of the bank’s stock worth $167,000 after purchasing an additional 815 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake 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 buying an additional 826 shares during the period. Parallel Advisors LLC grew its position in Banco Santander-Chile by 115.5% during the fourth quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock worth $33,000 after buying an additional 902 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in Banco Santander-Chile by 2.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 50,862 shares of the bank’s stock worth $1,009,000 after acquiring an additional 1,182 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Banco Santander-Chile by 9.7% in the 4th quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock valued at $343,000 after acquiring an additional 1,551 shares in the last quarter. 6.42% of the stock is owned by institutional investors.

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.