Banco Santander-Chile (NYSE:BSAC) Given Average Recommendation of “Hold” by Analysts

Banco Santander-Chile (NYSE:BSAC) has earned a consensus rating of “Hold” from the four research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $21.33.

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

Banco Santander-Chile Trading Up 0.6 %

Banco Santander-Chile stock opened at $18.94 on Monday. The stock has a market cap of $8.92 billion, a P/E ratio of 10.76, a PEG ratio of 0.41 and a beta of 0.87. Banco Santander-Chile has a fifty-two week low of $17.73 and a fifty-two week high of $21.43. The firm’s fifty day moving average price is $19.56 and its 200-day moving average price is $19.72. 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 Trading of Banco Santander-Chile

Several large investors have recently added to or reduced their stakes in the stock. abrdn plc lifted its stake in shares of Banco Santander-Chile by 76.4% in the 3rd quarter. abrdn plc now owns 861,295 shares of the bank’s stock valued at $18,036,000 after purchasing an additional 372,936 shares during the period. RWC Asset Management LLP raised 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 worth $14,999,000 after purchasing an additional 300,257 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in Banco Santander-Chile by 900.5% during the second quarter. Itau Unibanco Holding S.A. now owns 165,285 shares of the bank’s stock valued at $3,107,000 after buying an additional 148,764 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Banco Santander-Chile during the 3rd quarter valued at $1,724,000. Finally, State Street Corp grew its position in shares of Banco Santander-Chile by 25.3% in the 3rd quarter. State Street Corp now owns 293,049 shares of the bank’s stock worth $6,084,000 after buying an additional 59,215 shares during the period. 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.