Banco Santander-Chile (NYSE:BSAC) Receives $20.48 Average Price Target from Analysts

Banco Santander-Chile (NYSE:BSAC) has earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $20.48.

Several brokerages have recently issued reports on BSAC. Itau BBA Securities raised shares of Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Wednesday, June 12th. StockNews.com raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Berenberg Bank raised shares of Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th.

Institutional Investors Weigh In On Banco Santander-Chile

A number of institutional investors have recently modified their holdings of BSAC. Advisors Preferred LLC bought a new stake in shares of Banco Santander-Chile in the fourth quarter valued at about $181,000. Cardinal Capital Management lifted its position in Banco Santander-Chile by 10.7% during the fourth quarter. Cardinal Capital Management now owns 78,626 shares of the bank’s stock worth $1,532,000 after purchasing an additional 7,610 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Banco Santander-Chile by 11.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 249,224 shares of the bank’s stock worth $4,857,000 after purchasing an additional 25,393 shares during the period. abrdn plc lifted its position in Banco Santander-Chile by 0.4% during the fourth quarter. abrdn plc now owns 730,572 shares of the bank’s stock worth $14,239,000 after purchasing an additional 2,987 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Banco Santander-Chile by 9.7% during the fourth quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock worth $343,000 after purchasing an additional 1,551 shares during the period. Institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Price Performance

NYSE:BSAC opened at $18.73 on Thursday. The stock has a market cap of $8.82 billion, a P/E ratio of 16.01, a PEG ratio of 0.41 and a beta of 0.86. Banco Santander-Chile has a one year low of $16.89 and a one year high of $21.19. The company has a fifty day moving average price of $19.39 and a 200 day moving average price of $19.23. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.83 and a quick ratio of 1.86.

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.