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 set a $20.00 price target on shares of Banco Santander-Chile in a research report on Wednesday, September 7th.
Banco Santander-Chile (NASDAQ:BSAC) traded up 0.121% during midday trading on Tuesday, hitting $20.725. 29,559 shares of the stock traded hands. The firm has a market cap of $9.76 billion and a P/E ratio of 12.953. The company’s 50-day moving average is $21.33 and its 200 day moving average is $19.81. Banco Santander-Chile has a 12-month low of $15.69 and a 12-month 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. During the same period last year, the business earned $0.47 EPS. On average, analysts anticipate that Banco Santander-Chile will post $1.59 EPS for the current fiscal year.
About Banco Santander-Chile
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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