Banco Santander-Chile (NYSE:BSAC) Shares Acquired by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Banco Santander-Chile (NYSE:BSAC - Free Report) by 46.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 167,091 shares of the bank's stock after purchasing an additional 52,714 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Banco Santander-Chile were worth $3,151,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BSAC. Atlas Capital Advisors Inc. lifted its stake in shares of Banco Santander-Chile by 12.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank's stock worth $149,000 after purchasing an additional 863 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Banco Santander-Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank's stock valued at $58,000 after purchasing an additional 903 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Banco Santander-Chile by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 492,868 shares of the bank's stock valued at $9,295,000 after purchasing an additional 1,307 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Banco Santander-Chile by 601.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the bank's stock valued at $34,000 after purchasing an additional 1,552 shares during the period. Finally, Blue Trust Inc. grew its holdings in Banco Santander-Chile by 11.0% during the 4th quarter. Blue Trust Inc. now owns 18,415 shares of the bank's stock valued at $382,000 after purchasing an additional 1,831 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company's stock.

Banco Santander-Chile Price Performance

Shares of NYSE:BSAC opened at $24.36 on Tuesday. Banco Santander-Chile has a 12-month low of $18.19 and a 12-month high of $24.94. The company has a market cap of $11.47 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 0.96 and a beta of 0.67. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The company's fifty day moving average is $23.15 and its two-hundred day moving average is $21.04.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.06. The firm had revenue of $767.62 million during the quarter, compared to analysts' expectations of $717.38 billion. Banco Santander-Chile had a return on equity of 19.15% and a net margin of 19.16%. Equities analysts expect that Banco Santander-Chile will post 2.07 earnings per share for the current fiscal year.

Banco Santander-Chile Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 6th. Shareholders of record on Wednesday, April 23rd were issued a $1.349 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This is an increase from Banco Santander-Chile's previous annual dividend of $1.25. This represents a yield of 4.8%. Banco Santander-Chile's dividend payout ratio is 43.23%.

Analyst Upgrades and Downgrades

Separately, Bank of America downgraded Banco Santander-Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price objective on the stock. in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $22.33.

Banco Santander-Chile Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.

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