Allspring Global Investments Holdings LLC Sells 263,567 Shares of Banco Santander Chile (NYSE:BSAC)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 9.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,483,173 shares of the bank's stock after selling 263,567 shares during the period. Allspring Global Investments Holdings LLC owned about 0.53% of Banco Santander Chile worth $58,206,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Cardinal Capital Management lifted its holdings in shares of Banco Santander Chile by 0.5% during the 1st quarter. Cardinal Capital Management now owns 99,099 shares of the bank's stock worth $2,259,000 after acquiring an additional 472 shares during the period. Atlas Capital Advisors Inc. raised its position in Banco Santander Chile by 12.3% in 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. Dimensional Fund Advisors LP lifted its stake in Banco Santander Chile by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 492,868 shares of the bank's stock worth $9,295,000 after purchasing an additional 1,307 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Banco Santander Chile by 601.6% during 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 in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Banco Santander Chile by 13.2% during the first quarter. Blue Trust Inc. now owns 16,540 shares of the bank's stock valued at $377,000 after purchasing an additional 1,931 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 traded up $0.01 during trading on Thursday, reaching $25.13. The stock had a trading volume of 331,486 shares, compared to its average volume of 325,349. The stock has a market capitalization of $11.84 billion, a PE ratio of 10.97, a P/E/G ratio of 0.73 and a beta of 0.68. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.76 and a quick ratio of 1.76. Banco Santander Chile has a 52 week low of $18.19 and a 52 week high of $25.53. The business's 50-day moving average price is $24.58 and its 200 day moving average price is $22.40.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The bank reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.06. Banco Santander Chile had a return on equity of 21.48% and a net margin of 23.00%. The firm had revenue of $767.62 million during the quarter, compared to analysts' expectations of $717.38 billion. As a group, equities analysts predict that Banco Santander Chile will post 2.07 earnings per share for the current year.

Banco Santander Chile Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Bank of America cut Banco Santander Chile from a "neutral" rating to an "underperform" rating and set a $24.00 target price for the company. in a report on Thursday, May 1st. Wall Street Zen lowered Banco Santander Chile from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, UBS Group lifted their price objective on Banco Santander Chile from $20.00 to $24.00 and gave the company a "neutral" rating in a report on Monday, June 2nd. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $23.00.

Banco Santander Chile Company 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.