Walleye Capital LLC Takes $506,000 Position in Banco Santander-Chile (NYSE:BSAC)

Walleye Capital LLC bought a new position in Banco Santander-Chile (NYSE:BSAC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 26,849 shares of the bank's stock, valued at approximately $506,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 valued at $58,000 after acquiring an additional 903 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Banco Santander-Chile during the 4th quarter valued at $61,000. Atlas Capital Advisors Inc. grew its stake in Banco Santander-Chile by 12.3% during the 4th 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. Corient Private Wealth LLC acquired a new position in Banco Santander-Chile during the 4th quarter valued at about $232,000. Finally, Sava Infond d.o.o. purchased a new stake in Banco Santander-Chile in the fourth quarter valued at about $245,000. Hedge funds and other institutional investors own 6.42% of the company's stock.

Banco Santander-Chile Stock Performance

BSAC stock traded up $0.07 during trading on Tuesday, reaching $24.42. The company had a trading volume of 55,192 shares, compared to its average volume of 342,038. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. Banco Santander-Chile has a twelve month low of $17.83 and a twelve month high of $24.90. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. The firm has a 50-day simple moving average of $22.71 and a 200-day simple moving average of $20.78.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. As a group, sell-side analysts expect that Banco Santander-Chile will post 2.07 earnings per share for the current year.

Banco Santander-Chile Increases Dividend

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

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.