Banco Santander-Chile (NYSE:BSAC) receives an average “hold” recommendation from brokerages
Banco Santander-Chile (NYSE: BSAC – Get a rating) received an average rating of “Hold” by the seven rating agencies that cover the stock, reports MarketBeat.com. Six research analysts rated the stock with a hold recommendation and one gave the company a buy recommendation. The 12-month average price target among analysts who have reported on the stock in the past year is $21.60.
BSAC has been the subject of several research reports. UBS Group downgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and set a target price of $17.00 for the company in a research report on Thursday. Itaú Unibanco downgraded Banco Santander-Chile from an “outperforming” rating to a “market performance” rating and set a target price of $22.00 for the company. in a research report on Tuesday, June 7. Itau BBA Securities downgraded Banco Santander-Chile from an “outperform” rating to a “market performance” rating and set a target price of $22.00 for the company. in a research report on Tuesday, June 7. To finish, StockNews.com upgraded Banco Santander-Chile from a “sell” to a “hold” rating in a Friday, May 20 research report.
Major investors have recently increased or reduced their stake in the company. Edmond DE Rothschild Holding SA increased its position in Banco Santander-Chile shares by 61.8% during the fourth quarter. Edmond DE Rothschild Holding SA now owns 158,600 shares in the bank worth $2,584,000 after purchasing an additional 60,600 shares in the last quarter. American Century Companies Inc. increased its position in Banco Santander-Chile shares by 60.2% during the fourth quarter. American Century Companies Inc. now owns 26,804 shares of the bank worth $437,000 after buying 10,073 additional shares in the last quarter. Pinebridge Investments LP increased its position in shares of Banco Santander-Chile by 7.0% during the fourth quarter. Pinebridge Investments LP now owns 90,180 shares of the bank worth $1,469,000 after buying 5,937 additional shares in the last quarter. abrdn plc increased its position in shares of Banco Santander-Chile by 20.0% during the fourth quarter. abrdn plc now owns 412,972 shares in the bank worth $6,728,000 after buying a further 68,852 shares in the last quarter. Finally, Atlas Capital Advisors LLC increased its position in Banco Santander-Chile shares by 738.4% during the fourth quarter. Atlas Capital Advisors LLC now owns 5,483 shares of the bank worth $89,000 after buying 4,829 additional shares in the last quarter. Institutional investors and hedge funds own 10.65% of the company’s shares.
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Shares of BSAC opened at $16.45 on Friday. The company has a debt ratio of 3.89, a current ratio of 1.80 and a quick ratio of 1.80. Banco Santander-Chile has a 1-year minimum of $15.37 and a 1-year maximum of $22.95. The company has a 50-day simple moving average of $18.68 and a two-hundred-day simple moving average of $19.41. The company has a market capitalization of $7.75 billion, a P/E ratio of 7.41, a price-to-earnings growth ratio of 1.67 and a beta of 0.69.
Banco Santander-Chile (NYSE: BSAC – Get a rating) last released its results on Friday, April 29. The bank reported EPS of $0.64 for the quarter, beating consensus analyst estimates of $0.55 by $0.09. The company posted revenue of $741.78 million in the quarter, versus a consensus estimate of $726.89 million. Banco Santander-Chile achieved a return on equity of 20.57% and a net margin of 23.24%. On average, sell-side analysts expect Banco Santander-Chile to post 2.2 earnings per share for the current year.
The company also recently declared an annual dividend, which was paid on Thursday, May 5. Investors of record on Friday, April 22 received a dividend of $0.909. The ex-dividend date was Thursday, April 21. This represents a return of 4.27%. Banco Santander-Chile’s dividend payout rate is currently 38.29%.
About Banco Santander-Chile (Get a rating)
Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile. It operates through the Retail Banking, Middle Market, Corporate Investment Banking and Corporate Activities segments. The company offers debit and credit cards, checking accounts and savings products. consumer, auto, commercial, mortgage and government guaranteed loans; and loans denominated in Chilean pesos and foreign currencies to finance various commercial transactions, exchanges, forward exchange contracts and lines of credit, as well as mortgage financing services.
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