Banco Santander-Chile (NYSE:BSAC) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Banco Santander-Chile (NYSE:BSAC) issued its quarterly earnings data on Friday. The bank reported $0.61 EPS 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 BSAC traded up $0.41 during mid-day trading on Friday, hitting $20.80. The stock had a trading volume of 43,846 shares, compared to its average volume of 163,169. Banco Santander-Chile has a fifty-two week low of $17.73 and a fifty-two week high of $21.43. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The company has a market cap of $9.80 billion, a PE ratio of 11.82, a PEG ratio of 0.35 and a beta of 0.86. The company’s fifty day simple moving average is $19.12 and its two-hundred day simple moving average is $19.75.

Analyst Upgrades and Downgrades

Separately, Bank of America cut shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and cut their price target for the company from $22.00 to $21.00 in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Banco Santander-Chile presently has an average rating of “Hold” and an average price target 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.