Banco Santander-Chile (NYSE:BSAC) hit a new 52-week high and low on Tuesday . The company traded as low as $35.09 and last traded at $34.94, with a volume of 488743 shares traded. The stock had previously closed at $34.73.
A number of research firms have commented on BSAC. Zacks Investment Research upgraded Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, March 13th. Deutsche Bank lowered Banco Santander-Chile to a “sell” rating and set a $32.00 price target on the stock. in a research report on Wednesday, January 24th. Finally, ValuEngine upgraded Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.60.
The stock has a market cap of $16,460.76, a P/E ratio of 18.78, a PEG ratio of 1.42 and a beta of 0.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.75 and a quick ratio of 1.75.
Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Banco Santander-Chile had a return on equity of 17.85% and a net margin of 20.98%. The firm had revenue of $729.84 million for the quarter, compared to analyst estimates of $449.44 million. equities analysts expect that Banco Santander-Chile will post 2.05 earnings per share for the current year.
The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, April 19th will be paid a $0.956 dividend. This represents a dividend yield of 2.79%. This is an increase from Banco Santander-Chile’s previous annual dividend of $0.69. The ex-dividend date of this dividend is Wednesday, April 18th. Banco Santander-Chile’s payout ratio is currently 43.81%.
Several large investors have recently made changes to their positions in BSAC. Schroder Investment Management Group lifted its stake in shares of Banco Santander-Chile by 73.4% in the 4th quarter. Schroder Investment Management Group now owns 2,642,829 shares of the bank’s stock valued at $82,641,000 after purchasing an additional 1,118,548 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Banco Santander-Chile by 13.3% in the 4th quarter. Renaissance Technologies LLC now owns 2,429,727 shares of the bank’s stock valued at $75,978,000 after purchasing an additional 285,000 shares during the period. USS Investment Management Ltd lifted its stake in shares of Banco Santander-Chile by 9.5% in the 4th quarter. USS Investment Management Ltd now owns 1,442,174 shares of the bank’s stock valued at $45,104,000 after purchasing an additional 125,000 shares during the period. Millennium Management LLC acquired a new position in shares of Banco Santander-Chile in the 4th quarter valued at about $3,553,000. Finally, Ariel Investments LLC lifted its stake in shares of Banco Santander-Chile by 7.5% in the 4th quarter. Ariel Investments LLC now owns 845,001 shares of the bank’s stock valued at $26,423,000 after purchasing an additional 58,841 shares during the period. 16.09% of the stock is currently owned by institutional investors.
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Banco Santander-Chile Company Profile
Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.
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