Banco Santander – Chile ADS (NYSE:BSAC) traded at a new 52-week high today of $25.31. Approximately 156,000 shares have changed hands today, as compared to an average 30-day volume of 427,000 shares.
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.
Banco Santander – Chile ADS (NYSE:BSAC) defies analysts with a current price ($25.22) 3.1% above its average consensus price target of $24.44.
Banco Santander – Chile ADS share prices have moved between a 52-week high of $25.31 and a 52-week low of $11.43 and are now trading 121% above that low price at $25.22 per share.
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