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 research note issued to investors on Friday.

Banco Santander-Chile Stock Down 0.3 %

NYSE BSAC traded down $0.06 during trading hours on Friday, reaching $18.05. 214,811 shares of the company traded hands, compared to its average volume of 289,636. Banco Santander-Chile has a 12 month low of $16.89 and a 12 month high of $21.81. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 3.44. The stock has a market capitalization of $8.50 billion, a PE ratio of 14.21, a PEG ratio of 0.36 and a beta of 0.82. The company has a 50 day moving average of $19.49 and a two-hundred day moving average of $18.92.

Banco Santander-Chile (NYSE:BSAC) last posted 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 net margin of 9.99% and a return on equity of 10.73%. The firm had revenue of $621.60 million for the quarter, compared to the consensus estimate of $609.98 million. As a group, equities analysts expect that Banco Santander-Chile will post 1.84 earnings per share for the current year.

Institutional Trading of Banco Santander-Chile

A number of large investors have recently modified their holdings of BSAC. American Century Companies Inc. increased its holdings in shares of Banco Santander-Chile by 19.7% in the 1st quarter. American Century Companies Inc. now owns 32,084 shares of the bank’s stock worth $725,000 after acquiring an additional 5,280 shares during the period. Citigroup Inc. acquired a new stake in shares of Banco Santander-Chile in the 1st quarter worth about $423,000. APG Asset Management N.V. acquired a new stake in shares of Banco Santander-Chile in the 1st quarter worth about $936,000. Thomas White International Ltd. increased its holdings in shares of Banco Santander-Chile by 14.9% in the 1st quarter. Thomas White International Ltd. now owns 150,003 shares of the bank’s stock worth $3,389,000 after acquiring an additional 19,423 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Banco Santander-Chile in the 1st quarter worth about $7,510,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

About Banco Santander-Chile

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.