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

Banco Santander-Chile (NYSE:BSAC) issued 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 %

Shares of BSAC stock opened at $20.40 on Friday. Banco Santander-Chile has a 1-year low of $17.73 and a 1-year high of $21.43. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.35 and a beta of 0.86. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a 50 day simple moving average of $19.14 and a 200-day simple moving average of $19.74.

Wall Street Analysts Forecast Growth

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 report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.