BSAC - Banco Santander - Chile ADS Looks to Continue to Trade Above its Annual-High Share Price Today
Banco Santander - Chile ADS (NYSE:BSAC) traded today at a new 52-week high of $25.95. So far today approximately 70,000 shares have been exchanged, as compared to an average 30-day volume of 446,000 shares.
Based on a current price of $25.78, Banco Santander - Chile ADS is currently 0.8% above its average consensus analyst price target of $25.58.
In the past 52 weeks, Banco Santander - Chile ADS share prices are bracketed by a low of $13.31 and a high of $25.95 and is now at $25.78, 94% above that low price.
Santander Chile is the largest bank in Chile by assets. It has the most expansive footprint of any bank in the country, ranks first in lending market share, and ranks second in deposit market share. It is the most efficiently run commercial bank in the region, resulting in returns on equity in the high teens. The bank generates revenue through net interest income, fee and commission lines, and treasury operations, with the latter following Chile inflation (denominated in the UF) closely.
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