The stock is trading at $26.34 a bit higher than the 50 day moving average of $24.74 and which is a tad above the 200 day moving average of $23.43. The 50 day moving average went up by +6.45% and the 200 day average went up by +12.41%. (NYSE:BSAC) shares saw light trading volume with 1,042K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 81.73% under the normal average daily volume.
Here are a few additional firms who have increased or decreased their stake in (BSAC). As of the end of the quarter Capstone Asset Management Co had acquired a total of 8,979 shares growing its position 2.5%. The value of the total investment in Banco Santander – Chile ADS went from $8,879,000 to $9,224,000 a change of 3.9% quarter to quarter. As of quarter end Nomura Asset Management Co Ltd had bought 1,961 shares growing its holdings by 188.7%. The value of the investment in BSAC increased from $23,000 to $75,000 a change of $52,000 for the reporting period.
As of the end of the quarter Morgan Stanley had bought a total of 1,995 shares growing its stake by 410.5%. The value in dollars increased from $11,000 to $62,000 increasing 463.6% since the last quarter. Tower Research Capital LLC (trc) reduced its ownership by selling 1,710 shares a decrease of 30.9% as of 03/31/2017. Tower Research Capital LLC (trc) claims 3,819 shares valued at $96,000. The value of the position overall is down by 20.7%.
Credit Suisse both upgraded the stock and raised the price target on November 10 changing the price objective from $20.00 to $25.00 and raising the rating from “Neutral” to “Outperform”. On November 10 the company was upgraded to “Outperform” from “Neutral” and a price target of $25.00 was set in a report issued by Credit Suisse.
On September 7 the stock rating was downgraded from “” to “Equal-weight” with a current price target of $20.50 in a report from Bank of America. On April 7 Barclays kept the company rating at “” but moved down the price target to $20.50 from $21.00.
Equity analyst Credit Suisse lowered the price target and downgraded the stock on March 7 changing the price target from $23.00 to $20.00 and changing the rating from “Outperform” to “Neutral”. On March 7 the company was downgraded from “Outperform” to “Neutral” with a current price target of $20.00 in an announcement from Credit Suisse.
The company is so far trading up by 2.73% since yesterday’s close of $25.64. Banco Santander – Chile ADS also announced a dividend for shareholders that was 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 $4.18. The ex-dividend date was Wednesday the 19th of April 2017.
The P/E ratio is 16.46 and the market cap is 12.41B. In the latest earnings report the EPS was $1.60 and is projected to be $1.73 for the current year with 471,115,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.42 and the next full year EPS is anticipated to be $1.92.
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..Advertisement