Banco Santander-Chile (NYSE:BSAC) Downgraded by StockNews.com

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

Banco Santander-Chile Stock Down 0.3 %

Banco Santander-Chile stock traded down $0.06 during mid-day trading on Friday, reaching $18.05. The stock had a trading volume of 214,811 shares, compared to its average volume of 289,636. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.80 and a current ratio of 1.80. Banco Santander-Chile has a fifty-two week low of $16.89 and a fifty-two week high of $21.81. The stock’s 50-day simple moving average is $19.49 and its 200-day simple moving average is $18.92. The firm has a market capitalization of $8.50 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.36 and a beta of 0.82.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Friday, February 2nd. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Banco Santander-Chile had a return on equity of 10.73% and a net margin of 9.99%. The firm had revenue of $621.60 million during the quarter, compared to analysts’ expectations of $609.98 million. On average, sell-side analysts forecast that Banco Santander-Chile will post 1.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BSAC. American Century Companies Inc. boosted its position in shares of Banco Santander-Chile by 19.7% during the first quarter. American Century Companies Inc. now owns 32,084 shares of the bank’s stock valued at $725,000 after buying an additional 5,280 shares during the last quarter. Citigroup Inc. purchased a new position in shares of Banco Santander-Chile during the 1st quarter valued at $423,000. APG Asset Management N.V. purchased a new position in shares of Banco Santander-Chile during the 1st quarter valued at $936,000. Thomas White International Ltd. lifted its position in shares of Banco Santander-Chile by 14.9% during the 1st quarter. Thomas White International Ltd. now owns 150,003 shares of the bank’s stock valued at $3,389,000 after buying an additional 19,423 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Banco Santander-Chile during the 1st quarter worth about $7,510,000. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Company Profile

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.