Banco Santander-Chile (NYSE:BSAC) Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of Banco Santander-Chile (NYSE:BSAC) from a hold rating to a sell rating in a research report report published on Friday.

Banco Santander-Chile Stock Performance

Banco Santander-Chile stock opened at $18.05 on Friday. The firm’s 50 day simple moving average is $19.49 and its 200 day simple moving average is $18.92. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $8.50 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.37 and a beta of 0.82. Banco Santander-Chile has a 1-year low of $16.89 and a 1-year high of $21.81.

Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings results on Friday, February 2nd. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. The business had revenue of $621.60 million during the quarter, compared to analysts’ expectations of $609.98 million. As a group, analysts expect that Banco Santander-Chile will post 1.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Santander-Chile

A number of hedge funds and other institutional investors have recently bought and sold shares of BSAC. FMR LLC boosted its position in Banco Santander-Chile by 105.7% during the 1st quarter. FMR LLC now owns 1,563 shares of the bank’s stock valued at $28,000 after buying an additional 803 shares during the period. Parallel Advisors LLC boosted its position in Banco Santander-Chile by 115.5% during the 4th quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock valued at $33,000 after buying an additional 902 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Banco Santander-Chile during the 2nd quarter valued at $40,000. BNP Paribas Arbitrage SNC boosted its position in Banco Santander-Chile by 4,603.2% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,963 shares of the bank’s stock valued at $42,000 after buying an additional 2,900 shares during the period. Finally, Belpointe Asset Management LLC bought a new position in Banco Santander-Chile in the 1st quarter worth $78,000. Hedge funds and other institutional investors own 6.42% of the company’s stock.

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.