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

Banco Santander-Chile (NYSE:BSAC - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $22.93 and last traded at $22.83, with a volume of 156420 shares. The stock had previously closed at $22.41.

Analyst Ratings Changes

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

Banco Santander-Chile Stock Performance

The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. The company's fifty day simple moving average is $20.96 and its two-hundred day simple moving average is $20.15. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 0.96 and a beta of 0.83.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its 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, analysts forecast that Banco Santander-Chile will post 2.07 earnings per share for the current year.

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Institutional Investors Weigh In On Banco Santander-Chile

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in Banco Santander-Chile by 601.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the bank's stock valued at $34,000 after acquiring an additional 1,552 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Banco Santander-Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank's stock worth $58,000 after acquiring an additional 903 shares in the last quarter. R Squared Ltd purchased a new position in Banco Santander-Chile during the 4th quarter valued at $61,000. Atlas Capital Advisors Inc. raised its holdings in shares of Banco Santander-Chile by 12.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank's stock valued at $149,000 after acquiring an additional 863 shares in the last quarter. Finally, Natixis Advisors LLC bought a new position in shares of Banco Santander-Chile during the third quarter valued at approximately $212,000. 6.42% of the stock is owned by hedge funds and other institutional investors.

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.