Banco Santander-Chile (BSAC) Downgraded by Zacks Investment Research to Sell
Banco Santander-Chile (NASDAQ:BSAC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. reissued an “underperform” rating and issued a $20.00 price target on shares of Banco Santander-Chile in a report on Wednesday, September 7th.
Banco Santander-Chile (NASDAQ:BSAC) traded down 0.67% during trading on Tuesday, hitting $20.62. 390,688 shares of the stock were exchanged. The firm has a market capitalization of $9.71 billion and a PE ratio of 12.89. Banco Santander-Chile has a 12-month low of $15.69 and a 12-month high of $22.62. The stock has a 50 day moving average price of $21.15 and a 200-day moving average price of $19.87.
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 analysts’ consensus estimates of $0.41 by $0.01. During the same quarter last year, the business earned $0.47 EPS. On average, equities research analysts anticipate that Banco Santander-Chile will post $1.58 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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