Banco Santander-Chile (NYSE:BSAC) Reaches New 1-Year Low at $23.73

Banco Santander-Chile (NYSE:BSAC) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $23.73 and last traded at $23.99, with a volume of 1205800 shares changing hands. The stock had previously closed at $24.30.

Several analysts have issued reports on BSAC shares. Scotia Howard Weill raised shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 25th. Goldman Sachs Group started coverage on shares of Banco Santander-Chile in a report on Tuesday, September 10th. They issued a “neutral” rating and a $30.00 price target on the stock. Citigroup raised shares of Banco Santander-Chile from a “neutral” rating to a “buy” rating in a report on Monday, November 4th. ValuEngine downgraded shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research downgraded shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $31.00.

The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.23. The firm has a market cap of $11.45 billion, a PE ratio of 12.72, a P/E/G ratio of 1.85 and a beta of 0.61. The firm’s 50 day moving average is $27.11 and its 200-day moving average is $28.38.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.10). The firm had revenue of $576.02 million for the quarter, compared to analysts’ expectations of $689.31 million. Banco Santander-Chile had a net margin of 22.34% and a return on equity of 16.83%. On average, analysts forecast that Banco Santander-Chile will post 1.92 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantamental Technologies LLC purchased a new position in shares of Banco Santander-Chile during the second quarter valued at approximately $36,000. Signaturefd LLC raised its stake in Banco Santander-Chile by 67.9% during the third quarter. Signaturefd LLC now owns 1,746 shares of the bank’s stock worth $49,000 after purchasing an additional 706 shares during the period. Parallel Advisors LLC raised its stake in Banco Santander-Chile by 256.5% during the third quarter. Parallel Advisors LLC now owns 2,043 shares of the bank’s stock worth $57,000 after purchasing an additional 1,470 shares during the period. Tower Research Capital LLC TRC raised its stake in Banco Santander-Chile by 301.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,342 shares of the bank’s stock worth $70,000 after purchasing an additional 1,758 shares during the period. Finally, US Bancorp DE raised its stake in Banco Santander-Chile by 85.3% during the second quarter. US Bancorp DE now owns 3,033 shares of the bank’s stock worth $91,000 after purchasing an additional 1,396 shares during the period. 12.63% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Company Profile (NYSE:BSAC)

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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