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

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

Banco Santander-Chile Stock Performance

Shares of Banco Santander-Chile stock opened at $20.40 on Friday. The firm has a market cap 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. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a 52 week low of $17.73 and a 52 week high of $21.43. The business’s fifty day simple moving average is $19.14 and its 200-day simple moving average is $19.74.

Analysts Set New Price Targets

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

Banco Santander-Chile Company Profile

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.