Banco Santander Chile (NYSE:BSAC – Get Free Report) posted its quarterly earnings data on Friday. The bank reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.13), Zacks reports. Banco Santander Chile had a return on equity of 22.94% and a net margin of 27.04%. The firm had revenue of $547.42 million during the quarter, compared to analyst estimates of $765.05 million.
Banco Santander Chile Stock Down 3.2%
Shares of NYSE:BSAC traded down $1.00 during trading on Friday, hitting $30.49. The company’s stock had a trading volume of 673,877 shares, compared to its average volume of 492,790. Banco Santander Chile has a fifty-two week low of $28.27 and a fifty-two week high of $37.72. The business has a 50 day moving average price of $33.64 and a two-hundred day moving average price of $33.44. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.48 and a current ratio of 1.72. The company has a market capitalization of $14.36 billion, a PE ratio of 11.64, a P/E/G ratio of 0.78 and a beta of 0.49.
Analyst Ratings Changes
BSAC has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on Banco Santander Chile from $29.00 to $33.00 and gave the company a “sell” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. decreased their price target on Banco Santander Chile from $43.00 to $39.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. Wall Street Zen upgraded Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Finally, Zacks Research lowered shares of Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Banco Santander Chile has a consensus rating of “Hold” and a consensus target price of $35.20.
View Our Latest Stock Analysis on Banco Santander Chile
Banco Santander Chile Company Profile
Banco Santander Chile (NYSE: BSAC) is a commercial bank headquartered in Santiago, Chile. It provides banking and financial services to individuals, small and midsize businesses, corporations, and institutional clients throughout Chile. The bank operates as part of the global Santander Group, headquartered in Spain.
Its products and services include checking and savings accounts, credit and debit cards, consumer and residential mortgage loans, commercial lending, working-capital financing, and other forms of credit.
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