Banco Santander – Chile ADS (NYSE:BSAC) Trading Volume Significantly Lower


Trading volume for Banco Santander – Chile ADS was 538K on Tuesday. Shares saw a steep decrease in trading volume of 90.57% under the normal average daily volume.

Investors are feeling more bearish lately if you look at the uptick in short interest. The firm experienced a rise in short interest of 57.44% between July 31, 2017 and August 15, 2017. Short interest grew from 750,363 to 1,181,356 over that timeframe. The short-interest ratio increased to 3.0 and the percentage of shorted shares is 0.01% as of August 15.

Here are some other firms who have updated their holdings. William Blair Investment Management, LLC grew its position by buying 285,115 shares an increase of 18.5% as of 06/30/2017. William Blair Investment Management, LLC now controls 1,830,077 shares worth $46,502,000. The value of the position overall is up by 20.0%. Northwestern Mutual Investment Management Company, LLC downsized its ownership by shedding 14,000 shares a decrease of 14.1% from 03/31/2017 to 06/30/2017. Northwestern Mutual Investment Management Company, LLC claims 85,000 shares valued at $2,160,000. The total value of its holdings decreased 13.0%.

As of quarter end Cubist Systematic Strategies, LLC had sold a total of 8,362 shares trimming its position 48.6%. The value of the investment in (BSAC) decreased from $432,000 to $225,000 decreasing 47.9% quarter over quarter. As of the end of the quarter Pacad Investment Ltd. had disposed of 7,900 shares trimming its holdings by 76.7%. The value of the company’s investment in Banco Santander – Chile ADS went from $225,000 to $61,000 a change of 72.9% since the last quarter.

The company is down from yesterday’s close of $29.25. Banco Santander – Chile ADS also recently declared a dividend for shareholders that was paid on Friday May 5th, 2017. The dividend payment was $0.268 per share for the quarter or $1.07 annualized. This dividend amount was represent a yeild of $3.68. The ex-dividend date was Wednesday the 19th of April 2017.

The stock last traded at $29.17 just a bit higher than $28.41, the 50 day moving average and well above the 200 day moving average of $25.32. The 50 day moving average was up $0.76 and the 200 day average went up by +15.19%.

Banco Santander – Chile ADS’s P/E ratio is 18.23 and the market cap of the company is 13.74B. As of the latest earnings report the EPS was $1.60 and is estimated to be $1.79 for the current year with 471,115,000 shares now outstanding. Next quarter’s EPS is estimated at $0.45 with next year’s EPS anticipated to be $1.96.

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, launched on August 1, 2002, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Bank provides a range of commercial and retail banking services to its customers, including Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a range of retail banking services, including mortgage financing. In addition to its traditional banking operations, the Bank offers a range of financial services, including financial leasing, financial advisory services, mutual fund management, securities brokerage, insurance brokerage and investment management. It provides a range of financial services to corporate and individual customers..