Zacks Investment Research upgraded shares of Banco Santander-Chile (NASDAQ:BSAC) from a hold rating to a buy rating in a research note issued to investors on Tuesday, July 18th. They currently have $29.00 price objective on the bank’s stock.
According to Zacks, “Banco Santiago is the largest bank in Chile, in terms of assets with Ch$4,088 billion (approximately US$9.86 billion ) as of March 31, 1997. The bank is the result of the merger of two of the largest institutions in the Chilean banking system, Banco O’Higgins S.A., mainly a corporate bank, and Banco de Santiago S.A., mainly focused in consumer and middle-market lending. “
A number of other analysts have also weighed in on the stock. BidaskClub upgraded shares of Banco Santander-Chile from a buy rating to a strong-buy rating in a research note on Sunday, July 16th. Goldman Sachs Group, Inc. (The) raised their price objective on shares of Banco Santander-Chile from $23.00 to $26.00 and gave the company a neutral rating in a research note on Tuesday, May 2nd. Finally, Credit Suisse Group restated a neutral rating and set a $26.00 price objective (up from $25.00) on shares of Banco Santander-Chile in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Banco Santander-Chile presently has a consensus rating of Hold and a consensus target price of $25.25.
Banco Santander-Chile (BSAC) traded up 1.23% on Tuesday, reaching $27.88. The company’s stock had a trading volume of 164,053 shares. The firm’s 50 day moving average is $25.74 and its 200-day moving average is $24.01. The firm has a market cap of $13.13 billion and a P/E ratio of 17.42. Banco Santander-Chile has a 12 month low of $20.08 and a 12 month high of $27.94.
Banco Santander-Chile (NASDAQ:BSAC) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $704.02 million during the quarter, compared to analyst estimates of $458.92 million. Banco Santander-Chile had a net margin of 29.03% and a return on equity of 19.57%. During the same period last year, the business earned $0.40 EPS. On average, equities research analysts anticipate that Banco Santander-Chile will post $1.73 EPS for the current year.
A number of institutional investors have recently modified their holdings of BSAC. Financial Counselors Inc. increased its position in shares of Banco Santander-Chile by 0.8% in the first quarter. Financial Counselors Inc. now owns 12,277 shares of the bank’s stock valued at $308,000 after buying an additional 92 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Banco Santander-Chile by 1.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,397 shares of the bank’s stock valued at $311,000 after buying an additional 200 shares during the last quarter. Huntington National Bank boosted its stake in Banco Santander-Chile by 4.7% in the second quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock valued at $121,000 after buying an additional 212 shares during the last quarter. Comerica Bank boosted its stake in Banco Santander-Chile by 1.3% in the first quarter. Comerica Bank now owns 27,055 shares of the bank’s stock valued at $638,000 after buying an additional 352 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in Banco Santander-Chile by 1.5% in the first quarter. World Asset Management Inc now owns 29,348 shares of the bank’s stock valued at $736,000 after buying an additional 445 shares during the last quarter.
Banco Santander-Chile Company Profile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.
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