Banco Santander-Chile (NYSE:BSAC) Posts Earnings Results

Banco Santander-Chile (NYSE:BSAC) announced its quarterly earnings data on Friday. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05), Zacks reports. Banco Santander-Chile had a net margin of 16.24% and a return on equity of 15.90%.

Banco Santander-Chile Trading Up 0.0 %

NYSE:BSAC opened at $20.40 on Friday. The business’s 50-day moving average is $19.14 and its two-hundred day moving average is $19.73. The firm has a market capitalization of $9.61 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 0.35 and a beta of 0.86. Banco Santander-Chile has a 12 month low of $17.73 and a 12 month high of $21.43. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79.

Analysts Set New Price Targets

Separately, Bank of America lowered Banco Santander-Chile from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Banco Santander-Chile presently has an average rating of “Hold” and an average target price of $21.33.

About Banco Santander-Chile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.