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

Banco Santander-Chile (NYSE:BSACGet Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Banco Santander-Chile Trading Up 0.9 %

Shares of NYSE:BSAC opened at $18.07 on Wednesday. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $8.51 billion, a P/E ratio of 15.44, a P/E/G ratio of 0.36 and a beta of 0.84. The business’s 50-day moving average is $19.27 and its 200 day moving average is $18.95. Banco Santander-Chile has a 1 year low of $16.89 and a 1 year high of $21.81.

Banco Santander-Chile (NYSE:BSACGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $621.60 million for the quarter, compared to the consensus estimate of $609.98 million. Banco Santander-Chile had a net margin of 9.58% and a return on equity of 9.62%. On average, research analysts predict that Banco Santander-Chile will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Privium Fund Management B.V. grew its holdings in shares of Banco Santander-Chile by 15.1% during the first quarter. Privium Fund Management B.V. now owns 13,818 shares of the bank’s stock valued at $274,000 after buying an additional 1,811 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Banco Santander-Chile by 7.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 268,013 shares of the bank’s stock worth $5,315,000 after acquiring an additional 18,789 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Banco Santander-Chile by 4.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 65,669 shares of the bank’s stock valued at $1,302,000 after purchasing an additional 2,500 shares during the last quarter. Cardinal Capital Management increased its holdings in shares of Banco Santander-Chile by 19.3% in the first quarter. Cardinal Capital Management now owns 93,768 shares of the bank’s stock valued at $1,859,000 after purchasing an additional 15,142 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of Banco Santander-Chile in the fourth quarter worth about $440,000. Hedge funds and other institutional investors own 6.42% of the company’s stock.

About Banco Santander-Chile

(Get Free Report)

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.

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