Cubist Systematic Strategies LLC Acquires 28,644 Shares of Banco Santander-Chile (NYSE:BSAC)

Cubist Systematic Strategies LLC lifted its holdings in shares of Banco Santander-Chile (NYSE:BSAC) by 33.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,621 shares of the bank’s stock after purchasing an additional 28,644 shares during the period. Cubist Systematic Strategies LLC’s holdings in Banco Santander-Chile were worth $2,143,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BSAC. Renaissance Technologies LLC raised its stake in shares of Banco Santander-Chile by 21.4% during the 4th quarter. Renaissance Technologies LLC now owns 659,627 shares of the bank’s stock worth $12,441,000 after purchasing an additional 116,200 shares during the period. Marshall Wace LLP raised its stake in shares of Banco Santander-Chile by 44.9% during the 4th quarter. Marshall Wace LLP now owns 365,478 shares of the bank’s stock worth $6,893,000 after purchasing an additional 113,325 shares during the period. Northern Trust Corp raised its stake in shares of Banco Santander-Chile by 123.1% during the 4th quarter. Northern Trust Corp now owns 147,392 shares of the bank’s stock worth $2,780,000 after purchasing an additional 81,322 shares during the period. JPMorgan Chase & Co. lifted its stake in Banco Santander-Chile by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,988,659 shares of the bank’s stock valued at $75,226,000 after purchasing an additional 61,242 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda grew its holdings in Banco Santander-Chile by 171.7% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 96,355 shares of the bank’s stock valued at $1,817,000 after purchasing an additional 60,889 shares during the period. 6.42% of the stock is currently owned by institutional investors.

Banco Santander-Chile Price Performance

BSAC opened at $24.63 on Monday. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.96 and a beta of 0.67. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The firm has a 50-day moving average price of $23.15 and a 200-day moving average price of $21.04. Banco Santander-Chile has a twelve month low of $18.19 and a twelve month high of $24.94.

Banco Santander-Chile (NYSE:BSAC) last posted its earnings results on Wednesday, April 30th. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.06. The firm had revenue of $767.62 million during the quarter, compared to the consensus estimate of $717.38 billion. Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. Equities analysts expect that Banco Santander-Chile will post 2.07 EPS for the current year.

Banco Santander-Chile Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, May 6th. Investors of record on Wednesday, April 23rd were paid a dividend of $1.349 per share. This represents a dividend yield of 4.8%. This is a positive change from Banco Santander-Chile’s previous annual dividend of $1.25. The ex-dividend date was Wednesday, April 23rd. Banco Santander-Chile’s payout ratio is presently 43.23%.

Analysts Set New Price Targets

Separately, Bank of America downgraded Banco Santander-Chile from a “neutral” rating to an “underperform” rating and set a $24.00 target price for the company. in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.33.

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.