Banco Santander Chile (NYSE:BSAC) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Key Points

• Banco Santander Chile reported quarterly EPS of $0.52, missing the $0.65 analyst consensus by $0.13. Revenue was $547.42 million, also below estimates of $765.05 million.
• The stock fell $1.00 to $30.49 in mid-day trading, below its 50-day and 200-day moving averages. It has a 12-month range of $28.27 to $37.72 and a market capitalization of $14.36 billion.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $35.20. JPMorgan cut its target to $39 while maintaining an “overweight” rating, whereas Goldman Sachs raised its target to $33 but retained a “sell” rating.

Banco Santander Chile (NYSE:BSAC - Get Free Report) announced its earnings results on Friday. The bank reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.13), Zacks reports. Banco Santander Chile had a net margin of 27.04% and a return on equity of 22.94%. The firm had revenue of $547.42 million during the quarter, compared to analyst estimates of $765.05 million.

Banco Santander Chile Price Performance

Banco Santander Chile stock traded down $1.00 during mid-day trading on Friday, hitting $30.49. 673,877 shares of the company were exchanged, compared to its average volume of 492,790. The business's 50 day simple moving average is $33.64 and its two-hundred day simple moving average is $33.44. Banco Santander Chile has a 12-month low of $28.27 and a 12-month high of $37.72. The company has a market capitalization of $14.36 billion, a P/E ratio of 11.64, a PEG ratio of 0.78 and a beta of 0.49. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.72 and a quick ratio of 0.48.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Banco Santander Chile from $43.00 to $39.00 and set an "overweight" rating for the company in a report on Tuesday, October 6th. The Goldman Sachs Group increased their target price on shares of Banco Santander Chile from $29.00 to $33.00 and gave the company a "sell" rating in a research note on Thursday, July 16th. Weiss Ratings raised shares of Banco Santander Chile from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. Wall Street Zen upgraded Banco Santander Chile from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Zacks Research lowered shares of Banco Santander Chile from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $35.20.

Banco Santander Chile Company Profile

Banco Santander Chile NYSE: BSAC is a commercial bank headquartered in Santiago, Chile. It provides banking and financial services to individuals, small and midsize businesses, corporations, and institutional clients throughout Chile. The bank operates as part of the global Santander Group, headquartered in Spain.

Its products and services include checking and savings accounts, credit and debit cards, consumer and residential mortgage loans, commercial lending, working-capital financing, and other forms of credit.

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