Banco Santander-Chile (NYSE:BSAC) Short Interest Update

Banco Santander-Chile (NYSE:BSACGet Rating) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,430,000 shares, a growth of 22.2% from the March 15th total of 1,170,000 shares. Based on an average trading volume of 644,600 shares, the short-interest ratio is currently 2.2 days. Currently, 0.3% of the shares of the stock are short sold.

A number of research firms have weighed in on BSAC. StockNews.com began coverage on shares of Banco Santander-Chile in a research report on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group upgraded shares of Banco Santander-Chile from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $19.00 to $24.00 in a research report on Wednesday, March 2nd. JPMorgan Chase & Co. cut shares of Banco Santander-Chile from an “overweight” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research report on Thursday, February 17th. Finally, Zacks Investment Research raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $24.50.

Shares of Banco Santander-Chile stock traded down $0.05 during trading hours on Tuesday, reaching $21.50. 382,040 shares of the company’s stock were exchanged, compared to its average volume of 619,113. Banco Santander-Chile has a 1 year low of $15.37 and a 1 year high of $26.15. The stock has a market capitalization of $10.13 billion, a P/E ratio of 10.14, a P/E/G ratio of 0.98 and a beta of 0.66. The firm has a fifty day moving average price of $20.97. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.75 and a quick ratio of 1.75.

Banco Santander-Chile (NYSE:BSACGet Rating) last released its earnings results on Thursday, February 3rd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Banco Santander-Chile had a net margin of 22.70% and a return on equity of 19.06%. The business had revenue of $710.60 million during the quarter, compared to analyst estimates of $741.48 million. As a group, research analysts anticipate that Banco Santander-Chile will post 1.96 EPS for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Thursday, May 5th. Investors of record on Friday, April 22nd will be issued a $0.909 dividend. This represents a dividend yield of 4.27%. The ex-dividend date of this dividend is Thursday, April 21st. Banco Santander-Chile’s dividend payout ratio is currently 32.55%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Investors Research Corp grew its holdings in shares of Banco Santander-Chile by 8.7% in the first quarter. Investors Research Corp now owns 20,325 shares of the bank’s stock valued at $459,000 after purchasing an additional 1,625 shares during the period. Veriti Management LLC grew its holdings in shares of Banco Santander-Chile by 5.8% in the first quarter. Veriti Management LLC now owns 39,622 shares of the bank’s stock valued at $895,000 after purchasing an additional 2,171 shares during the period. DNB Asset Management AS grew its holdings in shares of Banco Santander-Chile by 210.2% in the first quarter. DNB Asset Management AS now owns 374,102 shares of the bank’s stock valued at $8,361,000 after purchasing an additional 253,488 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Banco Santander-Chile by 74.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,535,162 shares of the bank’s stock valued at $25,008,000 after purchasing an additional 653,590 shares during the period. Finally, Qtron Investments LLC grew its holdings in shares of Banco Santander-Chile by 9.1% in the fourth quarter. Qtron Investments LLC now owns 104,817 shares of the bank’s stock valued at $1,707,000 after purchasing an additional 8,727 shares during the period. 10.51% of the stock is owned by hedge funds and other institutional investors.

Banco Santander-Chile Company Profile (Get Rating)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and 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.

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