Economy

Banco Santander, (SAN) Earns Media Impact Rating of 0.09

Banco Santander, S.A. has a 50 day moving average of 6.59 and a 200 day moving average of 6.46. They might also be studying how the company is run, and trying to figure out the true value of the firm.

Shares of Banco de Chile (NYSE BCH) opened at 90.77 on Tuesday.

Wells Fargo & Company MN decreased its position in shares of Banco Santander-Chile (NASDAQ:BSAC) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. Zacks Investment Research downgraded Banco Santander-Chile from a "buy" rating to a "hold" rating in a research report on Monday, June 5th. Banco Santander-Chile has a consensus rating of "Hold" and an average price target of $27.00.

Currently, the 14-day ADX for Banco Santander-Chile (BSAC) is sitting at 19.03.

More news: Needham & Company LLC Reiterates Buy Rating for HubSpot Inc (NYSE:HUBS)

Taking a peek at some Moving Averages, the 200-day is at 8.86, the 50-day is 8.68, and the 7-day is sitting at 8.92. The value of the company's investment in Banco De Chile Banco De Chile A increased from $1,020,000 to $1,087,000 a change of 6.6% since the last quarter.

Beta is also an important valuation ratio for analyzing the stock of the company, BSBR has its industry and Sector's beta remains at 0.89 and 0.77 respectively.

ILLEGAL ACTIVITY WARNING: "Banco Santander-Chile (BSAC) Shares Sold by Wells Fargo & Company MN" was originally posted by Week Herald and is the sole property of of Week Herald. The company had revenue of $704.02 million for the quarter, compared to analysts' expectations of $458.92 million. Banco Santander-Chile had a ROE of 20.58% and a net profit margin of 29.10%. Next quarter's EPS is estimated at $1.36 and the next full year EPS is anticipated to be $5.53. A month ago, they told us to expect earnings of US$0.44 per share while three months ago their EPS consensus estimate was US$0.44. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & global copyright legislation. The original version of this news story can be viewed at https://weekherald.com/2017/09/28/banco-santander-chile-bsac-stake-lowered-by-wells-fargo-company-mn.html.

A number of institutional investors and hedge funds have recently made changes to their positions in BSAC. The value of the investment in Banco De Chile Banco De Chile A went from $420,000 to $2,000 a change of $418,000 quarter to quarter. Global X Management grew its stake in stocks of Banco Santander-Chile by 27.4% in the 1st period. The number of shares now owned by investors are 466.74 mln. UBS AG cut Banco Santander-Chile from a "neutral" recommendation to a "sell" recommendation and upped the price objective for the share from $24.00 to $27.00 in a note on Tue, Aug 22nd. Parallel Advisors LLC lifted its position in shares of Banco de Chile by 3.4% during the 1st quarter. The stock had a trading volume of 4,510,981 shares. Eqis Capital Management, Inc. controls 8,020 shares worth $625,000. Pictet Asset Management Ltd. now owns 31,688 shares of the bank's stock valued at $795,000 after purchasing an additional 2,500 shares during the last quarter. The value of the company's investment in Banco Santander - Chile ADS decreased from $432,000 to $225,000 decreasing 47.9% since the last quarter. The Bank operates through Retail, Wholesale, Treasury and Subsidiaries segments. The company stands with 3.71 billion outstanding shares and 515.11 million shares are floating in market.



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