$0.43 EPS Expected for Banco Santander-Chile (BSAC) This Quarter
Equities analysts predict that Banco Santander-Chile (NASDAQ:BSAC) will post earnings of $0.43 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Banco Santander-Chile’s earnings. Banco Santander-Chile reported earnings of $0.37 per share during the same quarter last year, which indicates a positive year over year growth rate of 16.2%. The firm is scheduled to issue its next earnings report on Friday, August 4th.
According to Zacks, analysts expect that Banco Santander-Chile will report full year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.67 to $1.68. For the next year, analysts anticipate that the company will post earnings of $1.82 per share, with EPS estimates ranging from $1.76 to $1.85. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Banco Santander-Chile.
BSAC has been the topic of several recent research reports. Goldman Sachs Group Inc lifted their target price on Banco Santander-Chile from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, May 2nd. Zacks Investment Research raised Banco Santander-Chile from a “sell” rating to a “hold” rating and set a $28.00 target price on the stock in a report on Thursday, April 6th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a $26.00 target price (up from $25.00) on shares of Banco Santander-Chile in a report on Wednesday, April 19th.
Banco Santander-Chile (NASDAQ:BSAC) traded down 0.12% during trading on Tuesday, reaching $24.20. The company’s stock had a trading volume of 10,362 shares. The stock has a market cap of $11.40 billion and a P/E ratio of 15.12. The company’s 50 day moving average price is $24.44 and its 200-day moving average price is $22.83. Banco Santander-Chile has a 1-year low of $17.83 and a 1-year high of $25.55.
The business also recently announced an annual dividend, which was paid on Thursday, May 4th. Shareholders of record on Friday, April 21st were issued a dividend of $0.687 per share. This represents a yield of 4.36%. The ex-dividend date was Wednesday, April 19th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Banco Santander-Chile by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 9,924,349 shares of the bank’s stock valued at $248,904,000 after buying an additional 940,607 shares during the period. Harding Loevner LP raised its position in Banco Santander-Chile by 2.4% in the first quarter. Harding Loevner LP now owns 6,150,156 shares of the bank’s stock valued at $154,246,000 after buying an additional 146,400 shares during the period. AQR Capital Management LLC raised its position in Banco Santander-Chile by 11.1% in the first quarter. AQR Capital Management LLC now owns 3,001,448 shares of the bank’s stock valued at $75,276,000 after buying an additional 299,298 shares during the period. Mondrian Investment Partners LTD raised its position in Banco Santander-Chile by 3.0% in the third quarter. Mondrian Investment Partners LTD now owns 2,340,532 shares of the bank’s stock valued at $48,426,000 after buying an additional 68,000 shares during the period. Finally, Vanguard Group Inc. raised its position in Banco Santander-Chile by 10.2% in the first quarter. Vanguard Group Inc. now owns 1,923,488 shares of the bank’s stock valued at $48,241,000 after buying an additional 178,061 shares during the period.
About Banco Santander-Chile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.
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