Credit Suisse Group lowers Banco Santander-Chile (NYSE:BSAC) price target to $18.00

Banco Santander-Chile (NYSE: BSAC – Get a rating) saw its price target lowered by Credit Suisse Group research analysts to $18.00 in a research report released on Monday, Target Stock Advisor reports. Credit Suisse Group’s price target indicates upside potential of 19.52% from the company’s previous close.

Several other equity research analysts have also recently weighed in on the stock. StockNews.com upgraded Banco Santander-Chile shares from a “sell” rating to a “hold” rating in a Friday, May 20 research report. Itaú Unibanco downgraded shares of Banco Santander-Chile from an “outperforming” rating to a “market performance” rating and set a price target of $22.00 for the company. in a research report on Tuesday, June 7. UBS Group downgraded Banco Santander-Chile shares from a ‘sell’ rating to a ‘neutral’ rating and set a price target of $17.00 for the company in a Thursday, June 30 research report . Finally, Itau BBA Securities downgraded Banco Santander-Chile shares from an “outperform” rating to a “market performance” rating and set a price target of $22.00 for the company. in a research report on Tuesday, June 7. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.40.

Banco Santander-Chile Stock up 1.0%

Shares of BSAC traded at $0.15 in midday trading on Monday, hitting $15.06. The company had a trading volume of 333,344 shares, compared to an average volume of 633,262. The company’s 50-day moving average price is $16.06 and its 200-day moving average price is 18.82 $. The stock has a market capitalization of $7.09 billion, a price/earnings ratio of 6.44, a PEG ratio of 1.54 and a beta of 0.70. Banco Santander-Chile has a 52-week low of $13.77 and a 52-week high of $22.95. The company has a quick ratio of 1.80, a current ratio of 1.80 and a leverage ratio of 3.89.

Institutional entries and exits

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Boston Partners increased its stake in Banco Santander-Chile shares by 6.6% in the 1st quarter. Boston Partners now owns 42,887 shares of the bank worth $181,000 after acquiring 2,642 additional shares during the period. Edmond DE Rothschild Holding SA increased its stake in Banco Santander-Chile shares by 61.8% in the 4th quarter. Edmond DE Rothschild Holding SA now owns 158,600 shares in the bank worth $2,584,000 after acquiring an additional 60,600 shares during the period. Cardinal Capital Management increased its stake in Banco Santander-Chile shares by 2.3% in the first quarter. Cardinal Capital Management now owns 46,451 shares of the bank worth $1,049,000 after acquiring an additional 1,030 shares during the period. American Century Companies Inc. increased its stake in Banco Santander-Chile shares by 60.2% in Q4. American Century Companies Inc. now owns 26,804 shares of the bank worth $437,000 after acquiring an additional 10,073 shares during the period. Finally, Pinebridge Investments LP increased its stake in Banco Santander-Chile shares by 7.0% in the 4th quarter. Pinebridge Investments LP now owns 90,180 shares of the bank worth $1,469,000 after acquiring 5,937 additional shares during the period. 10.65% of the shares are held by institutional investors and hedge funds.

About Banco Santander-Chile

(Get a rating)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile. It operates through the Retail Banking, Middle Market, Corporate Investment Banking and Corporate Activities segments. The company offers debit and credit cards, checking accounts and savings products. consumer, auto, commercial, mortgage and government guaranteed loans; and loans denominated in Chilean pesos and foreign currencies to finance various commercial transactions, exchanges, forward exchange contracts and lines of credit, as well as mortgage financing services.

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Analyst recommendations for Banco Santander-Chile (NYSE: BSAC)

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