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04-Feb-2018<br />

ValuEngine Upgrades Banco Santander-Chile (BSAC) to Strong-Buy<br />

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Banco Santander-Chile (NYSE:BSAC) was upgraded by research analysts at ValuEngine<br />

from a “buy” rating to a “strong-buy” rating in a report issued on Friday.<br />

Several other analysts have also recently commented on BSAC. Scotia Howard Weill cut<br />

Banco Santander-Chile from an “outperform” rating to a “sector perform” rating in a report<br />

on Tuesday, October 24th. BidaskClub cut Banco Santander-Chile from a “buy” rating to a<br />

“hold” rating in a report on Sunday, November 5th. Zacks Investment Research raised<br />

Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $33.00 price target for<br />

the company in a report on Thursday, November 16th. Citigroup cut Banco Santander-Chile<br />

from a “buy” rating to a “neutral” rating in a report on Friday, December 1st. Finally,<br />

Deutsche Bank cut Banco Santander-Chile to a “sell” rating and set a $32.00 price target for<br />

the company. in a report on Wednesday, January 24th. Two research analysts have rated<br />

the stock with a sell rating, five have issued a hold rating, one has given a buy rating and<br />

one has issued a strong buy rating to the company’s stock. Banco Santander-Chile has a<br />

consensus rating of “Hold” and a consensus target price of $29.60. Shares of Banco<br />

Santander-Chile (BSAC) opened at $32.95 on Friday. The company has a quick ratio of<br />

1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.75. The company has a market<br />

capitalization of $15,523.24, a P/E ratio of 17.72, a PEG ratio of 1.39 and a beta of 0.72.<br />

Banco Santander-Chile has a 1-year low of $21.56 and a 1-year high of $34.98. Banco<br />

Santander-Chile (NYSE:BSAC) last posted its quarterly earnings results on Wednesday,<br />

January 31st. The bank reported $0.46 EPS for the quarter, beating the consensus estimate<br />

of $0.44 by $0.02. The business had revenue of $729.84 million during the quarter,<br />

compared to analysts’ expectations of $449.44 million. Banco Santander-Chile had a return<br />

on equity of 18.00% and a net margin of 20.98%. sell-side analysts anticipate that Banco<br />

Santander-Chile will post 2 earnings per share for the current fiscal year.<br />

A number of hedge funds and other institutional investors have recently added to or reduced<br />

their stakes in the stock. Harding Loevner LP increased its stake in Banco Santander-Chile<br />

by 1.1% in the 3rd quarter. Harding Loevner LP now owns 6,297,156 shares of the bank’s<br />

stock valued at $187,089,000 after purchasing an additional 68,850 shares in the last<br />

quarter. Vanguard Group Inc. increased its stake in Banco Santander-Chile by 9.0% in the<br />

2nd quarter. Vanguard Group Inc. now owns 2,095,880 shares of the bank’s stock valued at<br />

$53,256,000 after purchasing an additional 172,392 shares in the last quarter. Bamco Inc.<br />

NY increased its stake in Banco Santander-Chile by 19.1% in the 3rd quarter. Bamco Inc.<br />

NY now owns 1,755,590 shares of the bank’s stock valued at $52,159,000 after purchasing<br />

an additional 281,792 shares in the last quarter. Schroder Investment Management Group<br />

increased its stake in Banco Santander-Chile by 355.1% in the 3rd quarter. Schroder<br />

Investment Management Group now owns 1,524,281 shares of the bank’s stock valued at<br />

$45,256,000 after purchasing an additional 1,189,363 shares in the last quarter. Finally,<br />

USS Investment Management Ltd increased its stake in Banco Santander-Chile by 9.5% in<br />

the 4th quarter. USS Investment Management Ltd now owns 1,442,174 shares of the bank’s<br />

stock valued at $45,104,000 after purchasing an additional 125,000 shares in the last<br />

quarter. 16.75% of the stock is owned by hedge funds and other institutional investors.<br />

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https://www.tickerreport.com/banking-finance/3175716/valuengine-upgrades-bancosantander-chile-bsac-to-strong-buy.html.<br />

About Banco Santander-Chile Banco Santander-Chile (the Bank), formerly Banco<br />

Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middlemarket,<br />

Global Corporate Banking and Corporate Activities (Other). The Retail Banking<br />

segment consists of individuals and small to middle-sized entities (SMEs). The Middlemarket<br />

segment serves companies and large corporations.<br />

To view ValuEngine’s full report, visit ValuEngine’s official website.

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