Banco Santander-Chile (NYSE:BSAC) Receives $21.00 Consensus PT from Analysts

Posted by on Oct 19th, 2023

Shares of Banco Santander-Chile (NYSE:BSAC – Get Free Report) have earned an average rating of “Hold” from the four ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.95.

A number of equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Jefferies Financial Group assumed coverage on Banco Santander-Chile in a research note on Monday. They issued a “hold” rating and a $18.90 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on Banco Santander-Chile from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, August 10th.

Check Out Our Latest Analysis on Banco Santander-Chile

Institutional Investors Weigh In On Banco Santander-Chile

Institutional investors and hedge funds have recently bought and sold shares of the business. Cardinal Capital Management raised its stake in shares of Banco Santander-Chile by 4.3% in the 3rd quarter. Cardinal Capital Management now owns 71,016 shares of the bank’s stock valued at $1,302,000 after buying an additional 2,925 shares in the last quarter. Ronald Blue Trust Inc. grew its stake in shares of Banco Santander-Chile by 241.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 9,160 shares of the bank’s stock valued at $173,000 after purchasing an additional 6,478 shares during the period. Atlas Capital Advisors LLC grew its stake in shares of Banco Santander-Chile by 6.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 15,952 shares of the bank’s stock valued at $301,000 after purchasing an additional 1,003 shares during the period. XTX Topco Ltd bought a new stake in shares of Banco Santander-Chile in the 2nd quarter valued at approximately $226,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Banco Santander-Chile by 596.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 165,273 shares of the bank’s stock valued at $3,115,000 after purchasing an additional 141,545 shares during the period. Institutional investors own 8.74% of the company’s stock.

Banco Santander-Chile Stock Performance

Banco Santander-Chile stock opened at $17.40 on Monday. The firm’s 50 day simple moving average is $18.43 and its 200-day simple moving average is $18.82. The company has a market cap of $8.20 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.80 and a beta of 0.77. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.85 and a quick ratio of 1.85. Banco Santander-Chile has a fifty-two week low of $13.57 and a fifty-two week high of $21.81.

Banco Santander-Chile (NYSE:BSAC – Get Free Report) last posted its quarterly earnings results on Friday, August 4th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $593.67 million during the quarter, compared to analysts’ expectations of $591.63 million. Banco Santander-Chile had a return on equity of 12.75% and a net margin of 11.26%. As a group, equities research analysts predict that Banco Santander-Chile will post 1.5 EPS for the current year.

About Banco Santander-Chile

(Get Free Report

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and 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.

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