Renaissance Technologies LLC Buys 116,200 Shares of Banco Santander-Chile (NYSE:BSAC)

Renaissance Technologies LLC lifted its position in shares of Banco Santander-Chile (NYSE:BSAC) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 659,627 shares of the bank’s stock after acquiring an additional 116,200 shares during the period. Renaissance Technologies LLC owned approximately 0.14% of Banco Santander-Chile worth $12,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased 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 acquired a new position in Banco Santander-Chile during the fourth quarter worth about $61,000. Atlas Capital Advisors Inc. lifted its holdings in shares of Banco Santander-Chile by 12.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank’s stock worth $149,000 after acquiring an additional 863 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Banco Santander-Chile in the 4th quarter valued at approximately $232,000. Finally, Sava Infond d.o.o. bought a new stake in shares of Banco Santander-Chile during the 4th quarter valued at approximately $245,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Price Performance

BSAC stock opened at $23.10 on Wednesday. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $23.80. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 0.96 and a beta of 0.72. The company has a 50 day simple moving average of $22.42 and a 200 day simple moving average of $20.54.

Banco Santander-Chile (NYSE:BSAC) last released 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 return on equity of 19.15% and a net margin of 19.16%. Research analysts anticipate that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Banco Santander-Chile Increases Dividend

The business 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 $1.349 dividend. This represents a yield of 4.8%. This is an increase from Banco Santander-Chile’s previous annual dividend of $1.25. The ex-dividend date of this dividend is Wednesday, April 23rd. Banco Santander-Chile’s dividend payout ratio is presently 51.55%.

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.