Berenberg Bank Upgrades Banco Santander-Chile (NYSE:BSAC) to Hold

Banco Santander-Chile (NYSE:BSAC) was upgraded by investment analysts at Berenberg Bank to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

BSAC has been the subject of a number of other research reports. Itau BBA Securities raised Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Wednesday, June 12th. StockNews.com lowered Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.48.

Banco Santander-Chile Stock Up 2.7 %

Shares of NYSE BSAC opened at $20.08 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 4.21. The stock has a market capitalization of $9.46 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 0.41 and a beta of 0.86. The stock’s fifty day simple moving average is $19.40 and its two-hundred day simple moving average is $19.21. Banco Santander-Chile has a 12-month low of $16.89 and a 12-month high of $21.52.

Banco Santander-Chile (NYSE:BSAC) last posted its quarterly earnings data on Tuesday, April 30th. The bank reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The business had revenue of $524.08 million during the quarter, compared to analyst estimates of $544.26 million. Banco Santander-Chile had a return on equity of 10.06% and a net margin of 9.58%. As a group, analysts expect that Banco Santander-Chile will post 1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Banco Santander-Chile

Several institutional investors have recently bought and sold shares of BSAC. AGF Management Ltd. acquired a new stake in Banco Santander-Chile in the 4th quarter worth about $7,991,000. ABS Direct Equity Fund LLC acquired a new position in shares of Banco Santander-Chile during the 4th quarter worth approximately $2,327,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Banco Santander-Chile during the 1st quarter worth approximately $929,000. DNB Asset Management AS boosted its holdings in shares of Banco Santander-Chile by 35.8% during the 2nd quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock worth $3,140,000 after purchasing an additional 43,949 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda acquired a new position in shares of Banco Santander-Chile during the 4th quarter worth approximately $585,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

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.