StockNews.com Lowers Banco Santander-Chile (NYSE:BSAC) to Sell

Posted by Defense World Staff on Jun 21st, 2023

Banco Santander-Chile (NYSE:BSAC – Get Rating) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Banco Santander-Chile Trading Down 0.8 %

Banco Santander-Chile stock opened at $19.09 on Wednesday. The firm’s 50-day moving average is $18.73 and its 200-day moving average is $17.32. The company has a debt-to-equity ratio of 4.02, a quick ratio of 2.05 and a current ratio of 2.05. Banco Santander-Chile has a 1 year low of $13.37 and a 1 year high of $20.04. The company has a market cap of $8.99 billion, a P/E ratio of 11.36, a PEG ratio of 1.74 and a beta of 0.73.

Banco Santander-Chile (NYSE:BSAC – Get Rating) last posted its quarterly earnings results on Friday, April 28th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. Banco Santander-Chile had a net margin of 14.55% and a return on equity of 16.17%. The company had revenue of $477.99 million for the quarter, compared to the consensus estimate of $541.67 million. On average, equities analysts expect that Banco Santander-Chile will post 1.7 earnings per share for the current year.

Institutional Trading of Banco Santander-Chile

Several hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Banco Santander-Chile by 1,552.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,267,896 shares of the bank’s stock valued at $99,284,000 after purchasing an additional 5,888,617 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Banco Santander-Chile by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 5,992,931 shares of the bank’s stock valued at $94,927,000 after buying an additional 62,703 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Banco Santander-Chile by 5.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,116,696 shares of the bank’s stock valued at $55,571,000 after buying an additional 151,200 shares during the period. Franklin Resources Inc. increased its stake in Banco Santander-Chile by 51.8% during the 4th quarter. Franklin Resources Inc. now owns 3,049,345 shares of the bank’s stock valued at $48,302,000 after buying an additional 1,040,662 shares during the period. Finally, INCA Investments LLC grew its stake in shares of Banco Santander-Chile by 34.2% in the 1st quarter. INCA Investments LLC now owns 2,942,428 shares of the bank’s stock worth $52,463,000 after purchasing an additional 749,657 shares during the last quarter. 9.47% of the stock is currently owned by institutional investors.

Banco Santander-Chile Company Profile

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Banco Santander Chile SA engages in the provision of commercial and retail banking services. It operates through the following segments: Retail Banking, Middle-Market, Corporate and Investment Banking, and Other. The Retail banking segment offers consumer loans, credit cards, automobile loans, commercial loans, foreign exchange, mortgage loans, debit cards, checking accounts, savings products, mutual funds, stock brokerage, and insurance brokerage.