Banco Santander Chile (NYSE:BSAC) Issues Quarterly Earnings Results, Misses Expectations By $0.13 EPS

by · The Markets Daily

Banco Santander Chile (NYSE:BSAC – Get Free Report) released its earnings results on Friday. The bank reported $0.52 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.13), Zacks reports. The business had revenue of $547.42 million for the quarter, compared to analyst estimates 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 Stock Performance

Shares of BSAC traded down $1.00 on Friday, reaching $30.49. 673,877 shares of the company’s stock traded hands, compared to its average volume of 492,790. The stock’s 50 day simple moving average is $33.64 and its two-hundred day simple moving average is $33.44. The stock has a market cap of $14.36 billion, a PE ratio of 11.64, a PEG ratio of 0.78 and a beta of 0.49. Banco Santander Chile has a 52-week low of $28.27 and a 52-week high of $37.72. The company has a current ratio of 1.72, a quick ratio of 0.48 and a debt-to-equity ratio of 2.06.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. decreased their target price on Banco Santander Chile from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. The Goldman Sachs Group upped their price target on Banco Santander Chile from $29.00 to $33.00 and gave the stock a “sell” rating in a research note on Thursday, July 16th. Zacks Research lowered Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Weiss Ratings upgraded Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Banco Santander Chile currently has a consensus rating of “Hold” and an average price target of $35.20.

Check Out Our Latest Stock Analysis on Banco Santander Chile

Banco Santander Chile Company Profile

(Get Free Report)

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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