Banco Santander-Chile (NYSE:BSAC) Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Banco Santander-Chile (NYSE:BSAC) from a buy rating to a hold rating in a research report released on Wednesday morning, ValuEngine reports.

BSAC has been the subject of several other research reports. Scotia Howard Weill upgraded Banco Santander-Chile from a sector perform rating to an outperform rating in a report on Thursday, July 25th. Zacks Investment Research upgraded Banco Santander-Chile from a sell rating to a hold rating in a report on Tuesday. Finally, HSBC upgraded Banco Santander-Chile from a reduce rating to a hold rating in a report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $32.00.

Shares of Banco Santander-Chile stock opened at $28.55 on Wednesday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $13.45 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.29 and a beta of 0.61. The company has a fifty day moving average price of $29.71. Banco Santander-Chile has a fifty-two week low of $27.06 and a fifty-two week high of $33.32.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.10). The firm had revenue of $643.29 million during the quarter, compared to analyst estimates of $680.11 million. Banco Santander-Chile had a net margin of 22.24% and a return on equity of 17.22%. As a group, equities research analysts expect that Banco Santander-Chile will post 1.89 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in shares of Banco Santander-Chile by 29.6% during the first quarter. Advisors Asset Management Inc. now owns 3,849 shares of the bank’s stock valued at $115,000 after purchasing an additional 878 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of Banco Santander-Chile during the first quarter valued at $200,000. SG Americas Securities LLC purchased a new stake in shares of Banco Santander-Chile during the second quarter valued at $216,000. Barclays PLC purchased a new stake in shares of Banco Santander-Chile during the fourth quarter valued at $264,000. Finally, Qtron Investments LLC purchased a new stake in shares of Banco Santander-Chile during the first quarter valued at $387,000. 13.16% of the stock is owned by institutional investors and hedge funds.

About Banco Santander-Chile

Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.

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