The company is up by 1.44% since yesterday’s close of $25.64. Company shares last traded at $26.01 which is slightly above $24.74, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $23.43. The 50 day moving average went up by +5.08% and the 200 day average went up $2.57 or +10.96%.
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, launched on August 1, 2002, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). 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. In addition to its traditional banking operations, the Bank offers a range of financial services, including financial leasing, financial advisory services, mutual fund management, securities brokerage, insurance brokerage and investment management. It provides a range of financial services to corporate and individual customers..
These firms have also modified their investment in BSAC. As of the end of the quarter Capstone Asset Management Co had bought a total of 8,979 shares growing its stake by 2.5%. The value of the total investment in Banco Santander – Chile ADS increased from $8,879,000 to $9,224,000 increasing 3.9% since the last quarter. As of quarter end Nomura Asset Management Co Ltd had acquired 1,961 shares growing its position 188.7%. The value of the company’s investment in Banco Santander – Chile ADS went from $23,000 to $75,000 a change of $52,000 quarter to quarter.
As of the end of the quarter Morgan Stanley had bought a total of 1,995 shares growing its holdings by 410.5%. The value of the investment in (BSAC) went from $11,000 to $62,000 a change of 463.6% quarter over quarter. Tower Research Capital LLC (trc) downsized its position by shedding 1,710 shares a decrease of 30.9%. Tower Research Capital LLC (trc) now holds 3,819 shares worth $96,000. The total value of its holdings decreased 20.7%.
Equity analyst Credit Suisse raised the price target and upgraded the stock on November 10 changing the price objective from $20.00 to $25.00 and changing the rating from “Neutral” to “Outperform”. On November 10 the company was upgraded to “Outperform” from “Neutral” with a current price target of $25.00 in a statement from Credit Suisse.
On September 7 the stock rating was downgraded from “” to “Equal-weight” and a price target of $20.50 was set in a report from Bank of America. On April 7 Barclays left the company rating at “” but lowered the price target to $20.50 from $21.00.
Credit Suisse both downgraded the stock and lowered the price target on March 7 cutting the price target from $23.00 to $20.00 and cutting the rating from “Outperform” to “Neutral”. On March 7 the company was downgraded to “Neutral” from “Outperform” with a current price target of $20.00 by Credit Suisse.
Additionally the company recently declared a dividend for shareholders paid on Friday May 5th, 2017. The dividend was $0.268 per share for the quarter which comes to $1.07 on an annualized basis. This dividend amount was represent a yeild of $4.20. The ex-dividend date was set for Wednesday the 19th of April 2017.
The company currently has a P/E ratio of 16.25 and the market value is 12.25B. As of the latest earnings report the EPS was $1.60 and is estimated to be $1.73 for the current year with 471,115,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.42 and the next full year EPS is projected to be $1.92.