Analysts Set Banco Santander-Chile (BSAC) PT at $26.33

Shares of Banco Santander-Chile (NASDAQ:BSAC) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.33.

A number of analysts have recently issued reports on BSAC shares. Goldman Sachs Group, Inc. (The) increased their price target on shares of Banco Santander-Chile from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 2nd. Zacks Investment Research lowered shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. Finally, BidaskClub lowered shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Friday, June 9th.

A number of institutional investors have recently modified their holdings of BSAC. Macquarie Group Ltd. raised its position in shares of Banco Santander-Chile by 5.2% in the fourth quarter. Macquarie Group Ltd. now owns 36,570 shares of the bank’s stock valued at $800,000 after buying an additional 1,800 shares during the last quarter. Profund Advisors LLC raised its position in shares of Banco Santander-Chile by 102.6% in the first quarter. Profund Advisors LLC now owns 23,607 shares of the bank’s stock valued at $592,000 after buying an additional 11,956 shares during the last quarter. Founders Financial Securities LLC raised its position in shares of Banco Santander-Chile by 3.2% in the first quarter. Founders Financial Securities LLC now owns 19,970 shares of the bank’s stock valued at $501,000 after buying an additional 616 shares during the last quarter. Strs Ohio raised its position in shares of Banco Santander-Chile by 446.4% in the first quarter. Strs Ohio now owns 611,999 shares of the bank’s stock valued at $15,348,000 after buying an additional 500,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Banco Santander-Chile by 58.8% in the first quarter. Canada Pension Plan Investment Board now owns 271,592 shares of the bank’s stock valued at $6,812,000 after buying an additional 100,523 shares during the last quarter.

Banco Santander-Chile (NASDAQ:BSAC) traded up 0.54% during mid-day trading on Tuesday, hitting $29.78. 512,452 shares of the stock traded hands. The company has a market cap of $14.03 billion and a price-to-earnings ratio of 18.61. Banco Santander-Chile has a 12-month low of $20.22 and a 12-month high of $30.18. The firm’s 50-day moving average is $27.82 and its 200-day moving average is $25.00.

Banco Santander-Chile (NASDAQ:BSAC) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping 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 29.10% and a return on equity of 20.58%. During the same period in the prior year, the firm earned $0.40 earnings per share. Equities research analysts expect that Banco Santander-Chile will post $1.79 EPS for the current year.

About Banco Santander-Chile

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.