Banco Santander-Chile (NASDAQ:BSAC) Downgraded by Zacks Investment Research to "Hold"

J P Morgan Chase & Co set a €6.70 ($7.88) target price on Banco Santander, and gave the company a "buy" rating in a report on Thursday, June 1st. Credit Suisse Group reissued a neutral rating and issued a $26.00 price target (up previously from $25.00) on shares of Banco Santander-Chile in a research note on Wednesday, April 19th. 1 equities equity analyst has recommended the share with a sell recommendation, eight have published a hold recommendation and around three has issued a buy recommendation to the share. Banco Santander-Chile now has a consensus rating of Hold and a consensus target price of $25.25.

Banco Santander, S.A. (SAN) reported earning per shares for the quarter ending Jul 28 BMO, whereas, 1 number of analysts estimated the mean EPS at 0.47. During the same quarter in the prior year, the company posted $0.40 earnings per share. Banco Santander-Chile has a 52-week low of $20.22 and a 52-week high of $29.58. The firm has a 50-day moving average price of $6.70 and a 200-day moving average price of $6.20. The stock has a market cap of $13.93 billion and a P/E ratio of 18.48.

Banco Santander-Chile (NASDAQ:BSAC) last announced its earnings results on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.14 by $0.02. The company had revenue of $704.02 million during the quarter, compared to analysts' expectations of $458.92 million.

While having a peek at profitability ratios Banco Santander (NYSE:SAN) has trailing twelve month gross margin at 0%, its trailing twelve month operating margin stands at 0% whereas its trailing twelve month net profit margin spots at 0%. On average, equities research analysts predict that Banco Santander-Chile will post $1.77 earnings per share for the current year.

Citigroup lifted Banco Santander Brasil SA from a sell recommendation to a neutral recommendation in a analysis report on Tue, Jul 4th. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & worldwide copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.thestockobserver.com/2017/08/07/bidaskclub-downgrades-banco-santander-s-a-nysesan-to-buy-updated-updated.html. Stockholders of record on Thursday, August 3rd will be issued a dividend of $0.0694 per share. The dividend was $0.268 per share for the quarter or $1.07 annualized. Santander upgraded Banco Santander Brasil SA from a sell rating to a neutral rating in a report on Friday, April 7th. The ex-dividend date of this dividend is Wednesday, August 2nd.

Several large investors have recently added to or reduced their stakes in SAN. Finally, Goldman Sachs Group, Inc. The stock now has Weekly Volatility of 0.96% and Monthly Volatility of 1.07%. World Asset Management Inc's holdings in Banco Santander-Chile were worth $705,000 at the end of the most recent quarter. LLC now owns 7,605 shares of the bank's stock worth $193,000 after buying an additional 108 shares during the period. BNP Paribas Arbitrage, SA bolstered its position by buying 23,361 shares an increase of 86.0% in the quarter. Lincoln National Corp now owns 15,711 shares of the bank's stock worth $105,000 after buying an additional 755 shares during the period. Stifel Financial Corp increased its position in Banco Santander, by 12.3% in the first quarter. Comerica Bank now owns 27,055 shares of the bank's stock worth $638,000 after buying an additional 352 shares during the period. Finally, Founders Financial Securities LLC increased its stake in shares of Banco Santander-Chile by 3.2% in the first quarter. Profund Advisors LLC now owns 23,607 shares of the bank's stock valued at $592,000 after buying an additional 11,956 shares in the last quarter.

Several hedge funds have recently modified their holdings of the company. The Bank provides a range of commercial and retail banking services to its customers, including Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a range of retail banking services, including mortgage financing. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States.