StockNews.com Begins Coverage on Banco Santander-Chile (NYSE:BSAC)

StockNews.com began coverage on shares of Banco Santander-Chile (NYSE:BSAC – Get Rating) in a report published on Thursday. The brokerage issued a hold rating on the bank’s stock.

Separately, The Goldman Sachs Group lowered Banco Santander-Chile from a neutral rating to a sell rating in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $19.00.

Banco Santander-Chile Trading Down 4.2 %

BSAC opened at $16.31 on Thursday. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 2.18 and a beta of 0.70. Banco Santander-Chile has a 52 week low of $13.37 and a 52 week high of $22.95. The business’s 50 day moving average is $16.79 and its two-hundred day moving average is $15.68. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 3.23.

Banco Santander-Chile (NYSE:BSAC – Get Rating) last released its earnings results on Friday, February 3rd. The bank reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The company had revenue of $527.54 million during the quarter, compared to analyst estimates of $593.05 million. Banco Santander-Chile had a net margin of 18.02% and a return on equity of 19.24%. On average, research analysts predict that Banco Santander-Chile will post 1.65 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Banco Santander-Chile by 5.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 132,931 shares of the bank’s stock worth $2,165,000 after acquiring an additional 7,400 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Banco Santander-Chile by 158.2% during the third quarter. Cubist Systematic Strategies LLC now owns 73,433 shares of the bank’s stock worth $1,029,000 after acquiring an additional 44,991 shares during the period. Trexquant Investment LP grew its holdings in Banco Santander-Chile by 234.6% during the second quarter. Trexquant Investment LP now owns 68,486 shares of the bank’s stock worth $1,116,000 after acquiring an additional 48,021 shares during the period. Quadrant Capital Group LLC grew its holdings in Banco Santander-Chile by 106.8% during the third quarter. Quadrant Capital Group LLC now owns 2,663 shares of the bank’s stock worth $37,000 after acquiring an additional 1,375 shares during the period. Finally, Public Sector Pension Investment Board acquired a new position in Banco Santander-Chile during the second quarter worth $6,183,000. Institutional investors and hedge funds own 9.76% of the company’s stock.

Banco Santander-Chile Company Profile

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Banco Santander Chile SA engages in the provision of commercial and retail banking services. It operates through the following segments: Retail Banking, Middle-Market, Corporate and Investment Banking, and Other. The Retail banking segment offers consumer loans, credit cards, automobile loans, commercial loans, foreign exchange, mortgage loans, debit cards, checking accounts, savings products, mutual funds, stock brokerage, and insurance brokerage.