BSAC Stock Summary and Trading Ideas (Banco Santander Chile | NYSE:BSAC)

Founded in 1978, Banco Santander Chile is part of the Santander group and majority controlled by Santander Spain. Banco Santander is the largest bank in Chile by loans and the second largest by deposits. The bank generates most of its net interest income (roughly 65% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans. Banco Santander's commercial loan business is more focused on small- to medium-sized companies, with firms generating more than CLP 10,000 million in revenue only making up around 5% of outstanding loans. Outside of lending, Banco Santander is the largest card issuer in the country with around 25% of the market and benefits from a long-term strategic partnership with the largest airline in the country LATAM Chile.

Banco Santander Chile trades on the NYSE stock market under the symbol BSAC.

As of December 11, 2024, BSAC stock price climbed to $19.42 with 138,790 million shares trading.

BSAC has a beta of 0.59, meaning it tends to be less sensitive to market movements. BSAC has a correlation of 0.08 to the broad based SPY ETF.

BSAC has a market cap of $9.15 billion. This is considered a Mid Cap stock.

Last quarter Banco Santander Chile reported $594 million in Revenue and $.58 earnings per share. This fell short of revenue expectation by $-130 million and missed earnings estimates by -$.09.

In the last 3 years, BSAC traded as high as $22.95 and as low as $13.37.

The top ETF exchange traded funds that BSAC belongs to (by Net Assets): VXUS, VWO, ILF, VEU, AVEM.

BSAC has underperformed the market in the last year with a return of 0.0%, while the SPY ETF gained +33.5%. In the last 3 month period, BSAC fell short of the market, returning -0.7%, while SPY returned +11.0%. However, in the most recent 2 weeks BSAC has outperformed the stock market by returning +2.3%, while SPY returned +1.1%.

BSAC support price is $19.08 and resistance is $19.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BSAC shares will trade within this expected range on the day.