Northern Trust Corp Purchases 81,322 Shares of Banco Santander-Chile (NYSE:BSAC)

Northern Trust Corp boosted its holdings in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 123.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,392 shares of the bank's stock after purchasing an additional 81,322 shares during the quarter. Northern Trust Corp's holdings in Banco Santander-Chile were worth $2,780,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in shares of Banco Santander-Chile by 601.6% in the 4th 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 last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 valued at $58,000 after buying an additional 903 shares during the period. R Squared Ltd bought a new stake in Banco Santander-Chile in the fourth quarter worth $61,000. Atlas Capital Advisors Inc. lifted 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 buying an additional 863 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new position in Banco Santander-Chile during the fourth quarter worth $232,000. Hedge funds and other institutional investors own 6.42% of the company's stock.

Banco Santander-Chile Trading Down 1.3%

Banco Santander-Chile stock traded down $0.34 during mid-day trading on Tuesday, hitting $24.70. The company's stock had a trading volume of 410,278 shares, compared to its average volume of 302,192. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. The company has a 50 day moving average of $23.67 and a 200-day moving average of $21.43. Banco Santander-Chile has a one year low of $18.19 and a one year high of $25.53. The stock has a market cap of $11.64 billion, a PE ratio of 12.73, a P/E/G ratio of 0.96 and a beta of 0.67.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last issued its earnings results 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 analyst estimates of $717.38 billion. Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. On average, research analysts anticipate that Banco Santander-Chile will post 2.07 EPS for the current year.

Banco Santander-Chile Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, May 6th. Shareholders of record on Wednesday, April 23rd were given a $1.349 dividend. This represents a 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 43.23%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BSAC. Wall Street Zen downgraded shares of Banco Santander-Chile from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Bank of America lowered shares of Banco Santander-Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price objective on the stock. in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Banco Santander-Chile presently 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.