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

StockNews.com lowered shares of Banco Santander-Chile (NYSE:BSACFree Report) from a hold rating to a sell rating in a report released on Tuesday.

Separately, HSBC lowered shares of Banco Santander-Chile from a buy rating to a hold rating in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $19.97.

Read Our Latest Report on BSAC

Banco Santander-Chile Stock Performance

NYSE BSAC opened at $19.33 on Tuesday. The firm’s fifty day moving average price is $18.97 and its two-hundred day moving average price is $18.71. Banco Santander-Chile has a 1 year low of $16.24 and a 1 year high of $21.81. The firm has a market capitalization of $9.11 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 0.39 and a beta of 0.82. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 3.44.

Banco Santander-Chile (NYSE:BSACGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Banco Santander-Chile had a return on equity of 10.73% and a net margin of 9.99%. The firm had revenue of $621.60 million for the quarter, compared to the consensus estimate of $609.98 million. As a group, research analysts anticipate that Banco Santander-Chile will post 1.84 EPS for the current year.

Institutional Investors Weigh In On Banco Santander-Chile

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC bought a new position in shares of Banco Santander-Chile in the third quarter worth about $658,000. RWC Asset Management LLP lifted its stake in Banco Santander-Chile by 48.7% in the 3rd quarter. RWC Asset Management LLP now owns 495,671 shares of the bank’s stock valued at $9,091,000 after purchasing an additional 162,396 shares during the last quarter. NS Partners Ltd boosted its position in Banco Santander-Chile by 8.0% in the third quarter. NS Partners Ltd now owns 487,236 shares of the bank’s stock valued at $8,936,000 after buying an additional 35,900 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Banco Santander-Chile by 9.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock worth $222,000 after buying an additional 1,033 shares during the last quarter. Finally, Henry James International Management Inc. increased its holdings in shares of Banco Santander-Chile by 5.6% during the third quarter. Henry James International Management Inc. now owns 49,354 shares of the bank’s stock worth $905,000 after buying an additional 2,624 shares in the last quarter. 8.74% of the stock is currently owned by institutional investors.

About Banco Santander-Chile

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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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