Favorable Press Coverage Somewhat Likely to Affect Banco Santander-Chile (BSAC) Stock Price

Press coverage about Banco Santander-Chile (NASDAQ:BSAC) has trended positive on Friday, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Banco Santander-Chile earned a news sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned media headlines about the bank an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the near term.

Several brokerages have recently weighed in on BSAC. Goldman Sachs Group Inc upped their price objective on Banco Santander-Chile from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, May 2nd. Zacks Investment Research upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating and set a $28.00 price objective for the company in a report on Thursday, April 6th. Finally, Credit Suisse Group AG restated a “neutral” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Banco Santander-Chile in a report on Wednesday, April 19th.

Shares of Banco Santander-Chile (NASDAQ:BSAC) traded up 1.52% during midday trading on Friday, hitting $24.10. The stock had a trading volume of 97,314 shares. The firm has a market capitalization of $11.35 billion and a PE ratio of 15.06. Banco Santander-Chile has a one year low of $17.83 and a one year high of $25.55. The firm’s 50-day moving average price is $24.32 and its 200-day moving average price is $22.89.

The business also recently disclosed an annual dividend, which was paid on Thursday, May 4th. Investors of record on Friday, April 21st were paid a dividend of $0.687 per share. The ex-dividend date was Wednesday, April 19th. This represents a dividend yield of 4.36%.

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About Banco Santander-Chile

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.

5 Day Chart for NASDAQ:BSAC

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