Robeco Institutional Asset Management B.V. Reduces Position in Banco Santander Chile (NYSE:BSAC)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Banco Santander Chile (NYSE:BSAC) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,418 shares of the bank’s stock after selling 674 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Banco Santander Chile were worth $2,860,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Blue Trust Inc. increased its position in shares of Banco Santander Chile by 13.2% during the first quarter. Blue Trust Inc. now owns 16,540 shares of the bank’s stock worth $377,000 after acquiring an additional 1,931 shares during the last quarter. Cardinal Capital Management increased its holdings in Banco Santander Chile by 0.5% in the first quarter. Cardinal Capital Management now owns 99,099 shares of the bank’s stock valued at $2,259,000 after buying an additional 472 shares during the last quarter. GAMMA Investing LLC increased its holdings in Banco Santander Chile by 3,456.9% in the first quarter. GAMMA Investing LLC now owns 8,003 shares of the bank’s stock valued at $182,000 after buying an additional 7,778 shares during the last quarter. Vident Advisory LLC increased its holdings in Banco Santander Chile by 18.1% in the fourth quarter. Vident Advisory LLC now owns 14,282 shares of the bank’s stock valued at $269,000 after buying an additional 2,192 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Banco Santander Chile by 63.3% in the fourth quarter. Two Sigma Advisers LP now owns 115,841 shares of the bank’s stock valued at $2,185,000 after buying an additional 44,900 shares during the last quarter. 6.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BSAC has been the subject of several research analyst reports. Wall Street Zen lowered Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. UBS Group boosted their price objective on Banco Santander Chile from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, June 2nd. Finally, Bank of America lowered Banco Santander Chile from a “neutral” rating to an “underperform” rating and set a $24.00 price objective for the company. in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, Banco Santander Chile has an average rating of “Hold” and a consensus target price of $23.00.

Banco Santander Chile Price Performance

NYSE BSAC opened at $25.02 on Wednesday. The stock has a market capitalization of $11.79 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.73 and a beta of 0.68. Banco Santander Chile has a 1 year low of $18.19 and a 1 year high of $25.53. The business’s fifty day moving average is $24.55 and its two-hundred day moving average is $22.38. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.76 and a current ratio of 1.76.

Banco Santander Chile (NYSE:BSAC) 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 company 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%. On average, research analysts forecast that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Banco Santander Chile Increases Dividend

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

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.