Banco Santander-Chile (BSAC) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Banco Santander-Chile (NASDAQ:BSAC) from a hold rating to a sell rating in a report published 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. reaffirmed an underperform rating and issued a $20.00 price objective on shares of Banco Santander-Chile in a research report on Wednesday, September 7th.

Shares of Banco Santander-Chile (NASDAQ:BSAC) opened at 20.52 on Tuesday. The stock has a market cap of $9.67 billion and a P/E ratio of 12.82. The company has a 50-day moving average of $21.02 and a 200 day moving average of $19.89. Banco Santander-Chile has a 52-week low of $15.69 and a 52-week high of $22.62.

Banco Santander-Chile (NASDAQ:BSAC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. During the same quarter in the previous year, the firm posted $0.47 EPS. Equities research analysts forecast that Banco Santander-Chile will post $1.58 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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