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

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

Banco Santander-Chile Price Performance

Banco Santander-Chile stock traded up $0.26 during mid-day trading on Friday, reaching $20.65. The company had a trading volume of 62,157 shares, compared to its average volume of 164,305. The stock’s 50-day simple moving average is $19.12 and its 200-day simple moving average is $19.75. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year 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 capitalization of $9.73 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.35 and a beta of 0.86.

Analyst Ratings Changes

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