Large Outflow of Money Witnessed in Banco Santander Chile

Banco Santander Chile (BSAC) : The value of composite uptick trades was $0.23 million, whereas, the value of composite downtick trades was $2.2 million. The uptick to downtick ratio stood at 0.1 with a negative money flow of ($1.97) Million during Fridays trading session. The block trades money flow was negative ($1.98 million). The transaction of the trades on downticks amounted to $1.98 million, which confirms investors selling on the strength of price. Banco Santander Chile (BSAC) gained 12 cents at $20.71, an increase of 0.58% over the previous days close.


Banco Santander Chile (BSAC) : The most positive equity analysts on Banco Santander Chile (BSAC) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $19.57 with an expected fluctuation of $1.09 from the mean.

Banco Santander Chile (NYSE:BSAC): stock turned positive on Friday. Though the stock opened at $20.65, the bulls momentum made the stock top out at $20.74 level for the day. The stock recorded a low of $20.6 and closed the trading day at $20.69, in the green by 0.49%. The total traded volume for the day was 267,912. The stock had closed at $20.59 in the previous days trading.

Banco Santander-Chile is a Chilean bank. The Company provides commercial and retail banking services to its customers. Its commercial and retail banking services include Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a line of retail banking services, including mortgage financing. It divides its clients into four groups: Individuals and Small and mid-sized (SMEs), Companies and Institutions, Global Banking and Markets, and Corporate Activities (Other). The Company has operating segments within each group, such as Individuals and Small and mid-sized (SMEs) group includes the Santander Banefe, Commercial Banking and SMEs segment; Companies and Institutions group includes Middle Market, Real Estate, Large Corporations and Institutions segments, and the Global Banking and Markets group includes Corporate and Treasury segments.

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