Banco Santander-Chile (NYSE:BSAC) Posts Quarterly Earnings Results

Banco Santander-Chile (NYSE:BSAC) released its quarterly 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 net margin of 16.24% and a return on equity of 15.90%.

Banco Santander-Chile Price Performance

Shares of Banco Santander-Chile stock traded up $0.41 on Friday, hitting $20.80. The company had a trading volume of 43,846 shares, compared to its average volume of 163,169. Banco Santander-Chile has a 52 week low of $17.73 and a 52 week high of $21.43. 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 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 business has a 50-day simple moving average of $19.12 and a 200-day simple moving average of $19.75.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered Banco Santander-Chile from a “buy” rating to a “neutral” rating and reduced their price target 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. According to data from MarketBeat, the company presently has an average 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.