$751.67 Million in Sales Expected for Banco Santander-Chile (NYSE:BSAC) This Quarter

Analysts forecast that Banco Santander-Chile (NYSE:BSACGet Rating) will report $751.67 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Banco Santander-Chile’s earnings. The highest sales estimate is $809.33 million and the lowest is $694.00 million. Banco Santander-Chile posted sales of $709.58 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Banco Santander-Chile will report full-year sales of $2.94 billion for the current fiscal year, with estimates ranging from $2.91 billion to $2.97 billion. For the next financial year, analysts expect that the company will post sales of $3.11 billion, with estimates ranging from $3.09 billion to $3.13 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Banco Santander-Chile.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, April 19th. StockNews.com raised Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Friday, May 20th. Credit Suisse Group raised Banco Santander-Chile from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $19.00 to $24.00 in a report on Wednesday, March 2nd. Finally, JPMorgan Chase & Co. cut Banco Santander-Chile from an “overweight” rating to a “neutral” rating and set a $23.00 price target for the company. in a report on Thursday, February 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Banco Santander-Chile has an average rating of “Hold” and an average price target of $23.67.

Banco Santander-Chile stock traded up $0.04 during trading hours on Friday, hitting $19.89. 686,086 shares of the stock traded hands, compared to its average volume of 700,764. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.80 and a quick ratio of 1.75. The firm’s 50 day moving average price is $20.59 and its 200-day moving average price is $19.42. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 1.97 and a beta of 0.69. Banco Santander-Chile has a 1 year low of $15.37 and a 1 year high of $22.95.

The company also recently disclosed an annual dividend, which was paid on Thursday, May 5th. Shareholders of record on Friday, April 22nd were paid a dividend of $0.909 per share. The ex-dividend date was Thursday, April 21st. This represents a yield of 4.27%. Banco Santander-Chile’s dividend payout ratio (DPR) is currently 38.29%.

Several hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in shares of Banco Santander-Chile in the first quarter valued at approximately $314,000. Emerging Variant Capital Management LP grew its position in Banco Santander-Chile by 152.0% in the first quarter. Emerging Variant Capital Management LP now owns 252,000 shares of the bank’s stock worth $22,590,000 after acquiring an additional 152,000 shares during the period. Guggenheim Capital LLC grew its position in Banco Santander-Chile by 35.8% in the first quarter. Guggenheim Capital LLC now owns 54,717 shares of the bank’s stock worth $1,236,000 after acquiring an additional 14,419 shares during the period. Wellington Management Group LLP purchased a new position in Banco Santander-Chile in the first quarter worth approximately $653,000. Finally, Ethic Inc. purchased a new position in Banco Santander-Chile in the first quarter worth approximately $327,000. Institutional investors and hedge funds own 10.65% of the company’s stock.

About Banco Santander-Chile (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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