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

StockNews.com cut shares of Banco Santander-Chile (NYSE:BSAC) from a hold rating to a sell rating in a report published on Friday.

Banco Santander-Chile Price Performance

Shares of NYSE:BSAC opened at $18.05 on Friday. Banco Santander-Chile has a twelve month low of $16.89 and a twelve month high of $21.81. The company’s 50 day moving average is $19.49 and its 200 day moving average is $18.92. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 3.44. The company has a market cap of $8.50 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.37 and a beta of 0.82.

Banco Santander-Chile (NYSE:BSAC) last issued its quarterly earnings data on Friday, February 2nd. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $621.60 million for the quarter, compared to analysts’ expectations of $609.98 million. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. On average, sell-side analysts forecast that Banco Santander-Chile will post 1.84 EPS for the current year.

Institutional Investors Weigh In On Banco Santander-Chile

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Banco Santander-Chile by 1,552.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,267,896 shares of the bank’s stock worth $99,284,000 after purchasing an additional 5,888,617 shares during the period. BlackRock Inc. grew its stake in shares of Banco Santander-Chile by 23.4% during the 3rd quarter. BlackRock Inc. now owns 2,782,526 shares of the bank’s stock worth $38,983,000 after purchasing an additional 527,872 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Banco Santander-Chile by 970.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,813,883 shares of the bank’s stock worth $32,342,000 after purchasing an additional 1,644,425 shares during the period. INCA Investments LLC grew its stake in shares of Banco Santander-Chile by 50.2% during the 1st quarter. INCA Investments LLC now owns 1,781,000 shares of the bank’s stock worth $40,233,000 after purchasing an additional 595,421 shares during the period. Finally, abrdn plc grew its stake in Banco Santander-Chile by 0.4% in the 4th quarter. abrdn plc now owns 730,572 shares of the bank’s stock valued at $14,239,000 after acquiring an additional 2,987 shares during the period. Institutional investors and hedge funds own 6.42% of the company’s stock.

About Banco Santander-Chile

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