Banco Santander-Chile (NASDAQ:BSAC) issued its quarterly earnings results on Friday, July 28th. The bank reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05, Morningstar.com reports. The business had revenue of $704.02 million during the quarter, compared to the consensus estimate of $458.92 million. Banco Santander-Chile had a net margin of 29.10% and a return on equity of 20.58%. During the same period in the previous year, the firm posted $0.40 earnings per share.
Shares of Banco Santander-Chile (BSAC) traded down 0.58% on Thursday, reaching $29.13. 97,082 shares of the company’s stock were exchanged. The company has a market capitalization of $13.72 billion and a P/E ratio of 18.21. The firm’s 50 day moving average price is $27.24 and its 200-day moving average price is $24.69. Banco Santander-Chile has a 12 month low of $20.22 and a 12 month high of $30.02.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded shares of Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $26.00 target price (up from $25.00) on shares of Banco Santander-Chile in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.25.
Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA purchased a new position in Banco Santander-Chile during the first quarter worth approximately $235,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in Banco Santander-Chile by 27.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,930 shares of the bank’s stock worth $299,000 after buying an additional 2,580 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in Banco Santander-Chile during the first quarter worth approximately $428,000. Commerzbank Aktiengesellschaft FI purchased a new position in Banco Santander-Chile during the first quarter worth approximately $224,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Banco Santander-Chile by 58.8% in the first quarter. Canada Pension Plan Investment Board now owns 271,592 shares of the bank’s stock worth $6,812,000 after buying an additional 100,523 shares during the last quarter.
Banco Santander-Chile Company Profile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.
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