INCA Investments LLC Sells 848,663 Shares of Banco Santander Chile (NYSE:BSAC)

INCA Investments LLC reduced its stake in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 55.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 682,569 shares of the bank's stock after selling 848,663 shares during the quarter. Banco Santander Chile accounts for 7.1% of INCA Investments LLC's portfolio, making the stock its 6th largest position. INCA Investments LLC owned about 0.14% of Banco Santander Chile worth $15,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $34,000 after purchasing an additional 1,552 shares during the last quarter. Atlas Capital Advisors Inc. grew its holdings 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 during the last quarter. GAMMA Investing LLC grew its holdings in shares of Banco Santander Chile by 3,456.9% during the first quarter. GAMMA Investing LLC now owns 8,003 shares of the bank's stock worth $182,000 after purchasing an additional 7,778 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Banco Santander Chile during the fourth quarter worth $232,000. Finally, Sava Infond d.o.o. bought a new stake in shares of Banco Santander Chile during the fourth quarter worth $245,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Chile Trading Up 0.0%

Banco Santander Chile stock traded up $0.01 during mid-day trading on Friday, hitting $25.13. The stock had a trading volume of 331,486 shares, compared to its average volume of 324,688. The stock has a 50-day simple moving average of $24.61 and a two-hundred day simple moving average of $22.53. 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. Banco Santander Chile has a 12 month low of $18.19 and a 12 month high of $25.53. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 2.61.

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

Banco Santander Chile Increases Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group increased their target price on Banco Santander Chile from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Monday, June 2nd. Wall Street Zen cut Banco Santander Chile from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, Bank of America cut Banco Santander Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price target on the stock. in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $23.00.

About Banco Santander Chile

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.