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

Banco Santander Chile (NYSE:BSAC) announced its quarterly earnings data on Tuesday. The bank reported $0.44 earnings per share (EPS) for the quarter, FiscalAI reports. Banco Santander Chile had a net margin of 27.04% and a return on equity of 22.94%. The company had revenue of $624.15 million for the quarter.

Banco Santander Chile Stock Up 0.1%

NYSE BSAC traded up $0.03 during trading on Tuesday, reaching $32.22. 303,949 shares of the company’s stock were exchanged, compared to its average volume of 378,729. Banco Santander Chile has a fifty-two week low of $26.42 and a fifty-two week high of $37.72. The firm has a market capitalization of $15.18 billion, a PE ratio of 12.30, a P/E/G ratio of 0.79 and a beta of 0.49. The company has a current ratio of 1.72, a quick ratio of 0.48 and a debt-to-equity ratio of 2.06. The company’s fifty day simple moving average is $34.43 and its 200-day simple moving average is $33.31.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Banco Santander Chile

Large investors have recently made changes to their positions in the business. Nykredit A S purchased a new stake in shares of Banco Santander Chile in the second quarter worth approximately $1,414,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Banco Santander Chile during the second quarter worth approximately $1,317,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Banco Santander Chile during the first quarter worth approximately $1,886,000. Dimensional Fund Advisors LP boosted its holdings in shares of Banco Santander Chile by 9.8% during the first quarter. Dimensional Fund Advisors LP now owns 643,160 shares of the bank’s stock worth $21,461,000 after purchasing an additional 57,400 shares during the period. Finally, INCA Investments LLC grew its position in Banco Santander Chile by 18.8% during the first quarter. INCA Investments LLC now owns 1,263,892 shares of the bank’s stock valued at $42,214,000 after purchasing an additional 199,618 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander Chile Company Profile

Banco Santander Chile is a Chilean financial institution and a subsidiary of Spain-based Banco Santander. Listed on the New York Stock Exchange under the symbol BSAC, the bank provides banking and financial services to individuals, small and medium-sized businesses, middle-market companies, and large corporations throughout Chile.

Its principal offerings include consumer and commercial loans, mortgages, checking and savings accounts, credit and debit cards, insurance-related products, investment and wealth-management services, and payment and cash-management solutions.