Banco Santander-Chile (NASDAQ: BSAC) Profit Outlook

Banco Santander-Chile day trading at USD 15.57 per share, then rallying to 16.13 and closing at USD 16.02 per share. A net gain of 2.89% for the day. Long term pricing analysis shows the stock trading at 47.62% lower than it’s 52week high and -34.47% higher than the 52week low. The share volume traded for the day was 273K which was 0 times the 50 Day Average Volume.

Banco Santander-Chile had a market cap of 7,547,266K as of 18th May 2020. The Earnings Per Share (EPS) for Q4 2019 is $ 1.63.

Banco Santander-Chile is the largest bank in Chile by loans and deposits. The bank has 504 branches of network. It is a subsidiary of the Santander Group. Its main competitors are Banco de Chile, Itaú Corpbanca, and BCI.

Financial Results

Banco Santander-Chile Reports First Quarter Of Fiscal 2020.

  • Net income attributable to shareholders in 1Q20 increased 23.4% QoQ and 14.8% YoY, totaling Ch$ 144,014 million (Ch$ 0.76 per share and US$ 0.36 per ADR) and achieving an ROAE of 16.8% for the quarter, compared to 13.9% in 4Q19 and 15.3% in 1Q19.
  • In 1Q20, net income was driven by strong results from client activities and a higher inflation rate. Total operating profit before provisions for loan losses totaled Ch$491,962 million in 1Q20 and increased 12.5% compared to 1Q19.

Banco Santander-Chile (18th May 2020): The Institutional Ownership as of today stood at 12.96% and the Total Value of Holdings (millions) is $ 950.

New Institutional Holders and other activity – As of today, the total number of shares held is 61,038,211 by 121 institutional holders.

LATEST NEWS:

2-May-2020:-  Banco Santander-Chile (NYSE: BSAC) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its position in Banco Santander-Chile (NYSE: BSAC) by 315.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 4,690 shares of the bank’s stock after acquiring an additional 3,562 shares during the quarter. Signaturefd LLC’s holdings in Banco Santander-Chile were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

29-April-2020:-  Banco Santander Chile Announces First Quarter 2020 Earnings

Net income attributable to shareholders in 1Q20 increased 23.4% QoQ and 14.8% YoY, totaling Ch$ 144,014 million (Ch$ 0.76 per share and US$ 0.36 per ADR) and achieving an ROAE of 16.8% for the quarter, compared to 13.9% in 4Q19 and 15.3% in 1Q19.  In 1Q20, net income was driven by strong results from client activities and a higher inflation rate. Total operating profit before provisions for loan losses totaled Ch$491,962 million in 1Q20 and increased 12.5% compared to 1Q19.

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