StockNews.com downgrades Banco Santander-Chili (NYSE:BSAC) to Sell

Banco Santander-Chile (NYSE:BSAC – Get a Free Report) was downgraded from a “hold” rating to a “sell” rating by stock researchers at StockNews.com in a report issued Friday.

Banco Santander-Chili is trading 0.4% lower

Shares of NYSE:BSAC opened at $18.04 on Friday. Banco Santander-Chili has a 12-month low of $16.89 and a 12-month high of $21.81. The company’s fifty day simple moving average is $19.49 and its 200 day simple moving average is $18.92. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 14.20, a price-to-earnings ratio of 0.37 and a beta of 0.82. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 3.44.

Banco Santander-Chile (NYSE:BSAC – Get Free Report) last reported its quarterly earnings results on Friday, February 2. The bank reported earnings per share of $0.43 for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Banco Santander-Chili had a return on equity of 10.73% and a net margin of 9.99%. The company had revenue of $621.60 million for the quarter, compared to the consensus estimate of $609.98 million. As a group, equity research analysts predict that Banco Santander-Chili will post earnings per share of 1.84 for the current fiscal year.

Institutional inflow and outflow

A number of institutional investors and hedge funds have recently made changes to their positions in BSAC. FMR LLC increased its position in Banco Santander-Chili by 105.7% during the first quarter. FMR LLC now owns 1,563 shares of the bank’s stock worth $28,000 after acquiring an additional 803 shares during the period. Parallel Advisors LLC increased its holdings in shares of Banco Santander-Chili by 115.5% in the fourth quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock worth $33,000 after purchasing an additional 902 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Banco Santander-Chili in the second quarter worth approximately $40,000. BNP Paribas Arbitrage SNC increased its stake in Banco Santander-Chili by 4,603.2% in the third quarter. BNP Paribas Arbitrage SNC now owns 2,963 shares of the bank’s stock worth $42,000 after purchasing an additional 2,900 shares during the period. Finally, Belpointe Asset Management LLC acquired a new position in Banco Santander-Chili during the first quarter worth approximately $78,000. 6.42% of the shares are currently held by hedge funds and other institutional investors.

Company profile of Banco Santander-Chile

(Get a free report)

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

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