Banco Santander-Chile (NYSE:BSAC) Sets New 1-Year High - What's Next?

Shares of Banco Santander-Chile (NYSE:BSAC - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $22.39 and last traded at $22.42, with a volume of 28925 shares changing hands. The stock had previously closed at $22.01.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered Banco Santander-Chile from a "buy" rating to a "neutral" rating and cut their target price for the company from $22.00 to $21.00 in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $21.33.

Banco Santander-Chile Stock Up 1.0 %

The business's fifty day moving average price is $19.69 and its 200 day moving average price is $19.85. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $10.71 billion, a PE ratio of 11.72, a PEG ratio of 0.94 and a beta of 0.86.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). Banco Santander-Chile had a return on equity of 19.15% and a net margin of 19.16%. On average, equities research analysts forecast that Banco Santander-Chile will post 2.07 earnings per share for the current fiscal year.

Institutional Trading of Banco Santander-Chile

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Banco Santander-Chile by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank's stock worth $81,533,000 after acquiring an additional 75,888 shares during the last quarter. State Street Corp raised its stake in Banco Santander-Chile by 25.3% during the third quarter. State Street Corp now owns 293,049 shares of the bank's stock worth $6,084,000 after purchasing an additional 59,215 shares during the period. Mirabella Financial Services LLP purchased a new position in Banco Santander-Chile during the third quarter worth approximately $700,000. Jane Street Group LLC purchased a new position in Banco Santander-Chile during the third quarter worth approximately $527,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Banco Santander-Chile during the third quarter worth approximately $1,724,000. Institutional investors and hedge funds own 6.42% of the company's stock.

Banco Santander-Chile Company Profile

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.