Itau Unibanco Holding S.A. Sells 101,737 Shares of Banco Santander-Chile (NYSE:BSAC)

Itau Unibanco Holding S.A. decreased its holdings in shares of Banco Santander-Chile (NYSE:BSAC) by 34.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,185 shares of the bank’s stock after selling 101,737 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Banco Santander-Chile were worth $3,681,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings 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 acquiring an additional 1,552 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Banco Santander-Chile by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock valued at $58,000 after purchasing an additional 903 shares during the last quarter. R Squared Ltd purchased a new position in shares of Banco Santander-Chile in the 4th quarter worth approximately $61,000. Atlas Capital Advisors Inc. increased its position in shares of Banco Santander-Chile by 12.3% during the 4th quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank’s stock valued at $149,000 after purchasing an additional 863 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new stake in Banco Santander-Chile in the fourth quarter worth $232,000. Institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Trading Down 0.6 %

BSAC stock opened at $24.08 on Thursday. The firm’s fifty day simple moving average is $22.80 and its two-hundred day simple moving average is $20.83. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a twelve month low of $17.83 and a twelve month high of $24.90.

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

Banco Santander-Chile Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 6th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.349 per share. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 4.8%. This is a boost from Banco Santander-Chile’s previous annual dividend of $1.25. Banco Santander-Chile’s payout ratio is presently 51.55%.

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.