Point72 Asset Management L.P. Has $1.56 Million Stock Holdings in Banco Santander-Chile (NYSE:BSAC)

Point72 Asset Management L.P. lifted its holdings in Banco Santander-Chile (NYSE:BSAC - Free Report) by 90.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,700 shares of the bank's stock after buying an additional 39,241 shares during the quarter. Point72 Asset Management L.P.'s holdings in Banco Santander-Chile were worth $1,560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in shares of Banco Santander-Chile by 11.0% in the fourth 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. R Squared Ltd bought a new position in Banco Santander-Chile in the 4th quarter valued at $61,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Banco Santander-Chile by 42.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,092 shares of the bank's stock valued at $2,378,000 after buying an additional 37,660 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position 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 worth $58,000 after acquiring an additional 903 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda raised its position in shares of Banco Santander-Chile by 171.7% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 96,355 shares of the bank's stock worth $1,817,000 after acquiring an additional 60,889 shares during the last quarter. Institutional investors and hedge funds own 6.42% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BSAC. 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. StockNews.com lowered shares of Banco Santander-Chile from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.33.

Banco Santander-Chile Stock Performance

BSAC stock opened at $25.21 on Thursday. The business's fifty day moving average is $23.56 and its 200-day moving average is $21.30. 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 has a market cap of $11.87 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.96 and a beta of 0.67. Banco Santander-Chile has a twelve month low of $18.19 and a twelve month high of $25.53.

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

Banco Santander-Chile Increases Dividend

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

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.

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