Banco Santander-Chile (NYSE:BSAC) Given Consensus Rating of "Hold" by Brokerages

Banco Santander-Chile (NYSE:BSAC - Get Free Report) has earned a consensus rating of "Hold" from the five brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.33.

BSAC has been the topic of a number of recent research reports. The Goldman Sachs Group raised shares of Banco Santander-Chile from a "sell" rating to a "neutral" rating and lifted their price target for the company from $18.00 to $21.00 in a research report on Tuesday, August 20th. Bank of America cut shares of Banco Santander-Chile from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $22.00 to $21.00 in a research report on Monday.

Banco Santander-Chile Trading Down 0.5 %

Shares of NYSE BSAC traded down $0.09 during midday trading on Monday, hitting $19.36. The stock had a trading volume of 288,762 shares, compared to its average volume of 283,202. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a 1-year low of $17.73 and a 1-year high of $21.43. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.41 and a beta of 0.87. The company has a fifty day moving average price of $19.64 and a 200 day moving average price of $19.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mirabella Financial Services LLP acquired a new position in Banco Santander-Chile in the 3rd quarter worth $700,000. AGF Management Ltd. grew its stake in Banco Santander-Chile by 6.5% during the 2nd quarter. AGF Management Ltd. now owns 402,781 shares of the bank's stock valued at $7,584,000 after purchasing an additional 24,697 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in Banco Santander-Chile by 900.5% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 165,285 shares of the bank's stock worth $3,107,000 after purchasing an additional 148,764 shares during the last quarter. RWC Asset Management LLP increased its holdings in Banco Santander-Chile by 60.5% during the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank's stock worth $14,999,000 after purchasing an additional 300,257 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda acquired a new position in shares of Banco Santander-Chile in the 3rd quarter valued at approximately $736,000. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

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.