Banco Santander-Chile (BSAC) Rating Lowered to Sell at Zacks Investment Research
Banco Santander-Chile (NASDAQ:BSAC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
According to Zacks, “Banco Santiago is the largest bank in Chile, in terms of assets with Ch$4,088 billion (approximately US$9.86 billion ) as of March 31, 1997. The bank is the result of the merger of two of the largest institutions in the Chilean banking system, Banco O’Higgins S.A., mainly a corporate bank, and Banco de Santiago S.A., mainly focused in consumer and middle-market lending. “
Separately, Bank of America Corp. restated an “underperform” rating and set a $20.00 price target on shares of Banco Santander-Chile in a research note on Wednesday, September 7th.
Shares of Banco Santander-Chile (NASDAQ:BSAC) opened at 20.84 on Tuesday. The company has a market cap of $9.82 billion and a PE ratio of 13.02. The firm’s 50-day moving average is $21.31 and its 200-day moving average is $19.82. Banco Santander-Chile has a 1-year low of $15.69 and a 1-year high of $22.62.
Banco Santander-Chile (NASDAQ:BSAC) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.01. During the same period last year, the firm posted $0.47 earnings per share. On average, equities analysts forecast that Banco Santander-Chile will post $1.59 earnings per share for the current fiscal year.
Banco Santander-Chile Company Profile
Banco Santander-Chile is a Chilean bank. The Company provides commercial and retail banking services to its customers. Its commercial and retail banking services include Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a line of retail banking services, including mortgage financing.
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