Deutsche Bank AG trimmed its position in shares of Banco Santander-Chile (NYSE:BSAC) by 55.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,638 shares of the bank’s stock after selling 184,073 shares during the quarter. Deutsche Bank AG’s holdings in Banco Santander-Chile were worth $4,553,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Capital Fund Management S.A. bought a new stake in shares of Banco Santander-Chile during the fourth quarter valued at approximately $235,000. Tower Research Capital LLC TRC grew its stake in shares of Banco Santander-Chile by 431.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,921 shares of the bank’s stock valued at $342,000 after purchasing an additional 8,867 shares during the last quarter. Dean Capital Investments Management LLC bought a new stake in shares of Banco Santander-Chile during the fourth quarter valued at approximately $381,000. Virtu Financial LLC bought a new stake in shares of Banco Santander-Chile during the fourth quarter valued at approximately $405,000. Finally, Citadel Advisors LLC bought a new stake in shares of Banco Santander-Chile during the fourth quarter valued at approximately $602,000. 16.09% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on BSAC. Zacks Investment Research raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, March 13th. ValuEngine raised shares of Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Deutsche Bank cut shares of Banco Santander-Chile to a “sell” rating and set a $32.00 price target on the stock. in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.60.
Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Wednesday, January 31st. The bank reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Banco Santander-Chile had a net margin of 20.98% and a return on equity of 17.85%. The business had revenue of $729.84 million for the quarter, compared to analyst estimates of $449.44 million. research analysts predict that Banco Santander-Chile will post 2.05 EPS for the current fiscal year.
The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, April 19th will be issued a $0.956 dividend. This is a positive change from Banco Santander-Chile’s previous annual dividend of $0.69. This represents a yield of 2.79%. The ex-dividend date is Wednesday, April 18th. Banco Santander-Chile’s dividend payout ratio is currently 43.81%.
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Banco Santander-Chile Company Profile
Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.
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