Banco Santander-Chile (BSAC) Sets New 52-Week Low at $27.42

Shares of Banco Santander-Chile (NYSE:BSAC) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $27.42 and last traded at $27.85, with a volume of 388 shares trading hands. The stock had previously closed at $28.07.

Several research firms have issued reports on BSAC. ValuEngine lowered Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Zacks Investment Research lowered Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. Finally, JPMorgan Chase & Co. lowered Banco Santander-Chile from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $34.00 to $32.00 in a research note on Thursday, March 14th.

The company has a quick ratio of 1.60, a current ratio of 1.75 and a debt-to-equity ratio of 3.05. The company has a market cap of $13.19 billion, a PE ratio of 15.55, a P/E/G ratio of 1.17 and a beta of 0.65.

Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.10). The business had revenue of $643.29 million during the quarter, compared to the consensus estimate of $680.11 million. Banco Santander-Chile had a net margin of 22.18% and a return on equity of 17.02%. As a group, equities analysts forecast that Banco Santander-Chile will post 2.02 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Comerica Bank grew its position in shares of Banco Santander-Chile by 1.2% in the fourth quarter. Comerica Bank now owns 27,505 shares of the bank’s stock valued at $880,000 after purchasing an additional 320 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in shares of Banco Santander-Chile by 2.4% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 21,485 shares of the bank’s stock valued at $642,000 after purchasing an additional 500 shares during the last quarter. NumerixS Investment Technologies Inc grew its position in shares of Banco Santander-Chile by 100.0% in the first quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the bank’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. Commonwealth Bank of Australia grew its position in shares of Banco Santander-Chile by 1.1% in the fourth quarter. Commonwealth Bank of Australia now owns 56,422 shares of the bank’s stock valued at $1,682,000 after purchasing an additional 600 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Banco Santander-Chile by 29.6% in the first quarter. Advisors Asset Management Inc. now owns 3,849 shares of the bank’s stock valued at $115,000 after purchasing an additional 878 shares during the last quarter. Hedge funds and other institutional investors own 13.06% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Banco Santander-Chile (BSAC) Sets New 52-Week Low at $27.42” was originally posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/05/25/banco-santander-chile-bsac-sets-new-52-week-low-at-27-42.html.

Banco Santander-Chile Company Profile (NYSE:BSAC)

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.

Featured Article: Beta

Receive News & Ratings for Banco Santander-Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander-Chile and related companies with MarketBeat.com's FREE daily email newsletter.