Zacks: Analysts Anticipate Banco Santander-Chile (BSAC) to Announce $0.43 EPS

Wall Street analysts forecast that Banco Santander-Chile (NASDAQ:BSAC) will post earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Banco Santander-Chile’s earnings. Banco Santander-Chile posted earnings of $0.37 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.2%. The business is expected to issue its next quarterly earnings report on Friday, August 4th.

According to Zacks, analysts expect that Banco Santander-Chile will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.71 to $1.73. For the next financial year, analysts expect that the business will report earnings of $1.87 per share, with EPS estimates ranging from $1.81 to $1.96. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Banco Santander-Chile.

BSAC has been the subject of several research analyst reports. Zacks Investment Research raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday. Credit Suisse Group reiterated a “neutral” rating and issued a $26.00 price target (up from $25.00) on shares of Banco Santander-Chile in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) boosted their price target on shares of Banco Santander-Chile from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 2nd. Finally, BidaskClub cut shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.75.

A number of large investors have recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Banco Santander-Chile by 5.2% in the fourth quarter. Macquarie Group Ltd. now owns 36,570 shares of the bank’s stock valued at $800,000 after buying an additional 1,800 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Banco Santander-Chile during the fourth quarter valued at approximately $15,787,000. Thompson Siegel & Walmsley LLC boosted its stake in shares of Banco Santander-Chile by 2.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 90,400 shares of the bank’s stock valued at $1,977,000 after buying an additional 2,400 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Banco Santander-Chile by 54.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,571,413 shares of the bank’s stock valued at $34,367,000 after buying an additional 554,640 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Banco Santander-Chile by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 9,924,349 shares of the bank’s stock valued at $248,904,000 after buying an additional 940,607 shares during the period.

Banco Santander-Chile (NASDAQ BSAC) traded up 0.40% during trading on Monday, reaching $25.39. 349,519 shares of the company’s stock traded hands. The company has a 50-day moving average of $24.41 and a 200 day moving average of $23.22. Banco Santander-Chile has a 12 month low of $17.83 and a 12 month high of $25.58. The stock has a market capitalization of $11.96 billion and a P/E ratio of 15.87.

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About Banco Santander-Chile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BSAC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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