Banco Santander-Chile (NYSE:BSAC) Shares Sold by FIL Ltd

FIL Ltd cut its holdings in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,508 shares of the bank's stock after selling 36,720 shares during the period. FIL Ltd's holdings in Banco Santander-Chile were worth $2,612,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BSAC. Mirae Asset Global Investments Co. Ltd. increased its stake in Banco Santander-Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank's stock worth $58,000 after buying an additional 903 shares during the period. R Squared Ltd acquired a new position in shares of Banco Santander-Chile in the fourth quarter worth $61,000. Atlas Capital Advisors Inc. increased its position 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 acquiring an additional 863 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of Banco Santander-Chile in the fourth quarter valued at $232,000. Finally, Sava Infond d.o.o. purchased a new position in Banco Santander-Chile in the fourth quarter valued at $245,000. Institutional investors and hedge funds own 6.42% of the company's stock.

Banco Santander-Chile Stock Up 1.9 %

BSAC traded up $0.44 on Friday, hitting $23.93. 603,695 shares of the company were exchanged, compared to its average volume of 289,801. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. The firm has a 50-day moving average price of $22.49 and a two-hundred day moving average price of $20.58. Banco Santander-Chile has a twelve month low of $17.79 and a twelve month high of $24.05.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last released its earnings results on Friday, January 31st. The bank reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a return on equity of 19.15% and a net margin of 19.16%. On average, equities analysts predict that Banco Santander-Chile will post 2.07 earnings per share for the current year.

Banco Santander-Chile Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Wednesday, April 23rd will be issued a $1.349 dividend. This represents a dividend yield of 4.8%. This is a positive change from Banco Santander-Chile's previous annual dividend of $1.25. The ex-dividend date is Wednesday, April 23rd. Banco Santander-Chile's dividend payout ratio (DPR) is presently 51.55%.

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.