Banco Santander-Chile (NYSE:BSAC – Get 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.
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.
- Get a free copy of the StockNews.com research report on Banco Santander-Chile (BSAC)
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