Banco Santander Chile (NYSE:BSAC) Releases Quarterly Earnings Results

Banco Santander Chile (NYSE:BSAC) posted its quarterly earnings data on Friday. The bank reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.13), Zacks reports. The business had revenue of $547.42 million during the quarter, compared to analysts’ expectations of $765.05 million. Banco Santander Chile had a return on equity of 22.94% and a net margin of 27.04%.

Banco Santander Chile Price Performance

Shares of BSAC stock opened at $30.49 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.72 and a debt-to-equity ratio of 2.06. The business’s fifty day moving average is $33.64 and its 200 day moving average is $33.44. Banco Santander Chile has a twelve month low of $28.27 and a twelve month high of $37.72. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 0.76 and a beta of 0.49.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen upgraded Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. The Goldman Sachs Group upped their price target on shares of Banco Santander Chile from $29.00 to $33.00 and gave the stock a “sell” rating in a report on Thursday, July 16th. Weiss Ratings raised shares of Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Zacks Research lowered shares of Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.20.

About Banco Santander Chile

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.