Cubist Systematic Strategies LLC Grows Stake in Banco Santander-Chile (NYSE:BSAC)

Cubist Systematic Strategies LLC increased its holdings in Banco Santander-Chile (NYSE:BSAC) by 33.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,621 shares of the bank’s stock after buying an additional 28,644 shares during the period. Cubist Systematic Strategies LLC’s holdings in Banco Santander-Chile were worth $2,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BSAC. Renaissance Technologies LLC grew its holdings in shares of Banco Santander-Chile by 21.4% during the fourth 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 in the last quarter. Marshall Wace LLP raised its stake in Banco Santander-Chile by 44.9% in the fourth quarter. Marshall Wace LLP now owns 365,478 shares of the bank’s stock valued at $6,893,000 after purchasing an additional 113,325 shares in the last quarter. Northern Trust Corp raised its stake in Banco Santander-Chile by 123.1% in the fourth quarter. Northern Trust Corp now owns 147,392 shares of the bank’s stock valued at $2,780,000 after purchasing an additional 81,322 shares in the last quarter. JPMorgan Chase & Co. raised 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 in the last quarter. Finally, SPX Gestao de Recursos Ltda raised its stake in Banco Santander-Chile by 171.7% in 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 in the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Price Performance

BSAC stock opened at $24.63 on Monday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. Banco Santander-Chile has a 52 week low of $18.19 and a 52 week high of $24.94. The firm’s fifty day moving average is $23.15 and its 200 day moving average is $21.04. The firm has a market cap of $11.60 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.96 and a beta of 0.67.

Banco Santander-Chile (NYSE:BSAC) last released its earnings results on Wednesday, April 30th. The bank reported $0.61 EPS for the quarter, beating the consensus estimate of $0.55 by $0.06. Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. The company had revenue of $767.62 million for the quarter, compared to analyst estimates of $717.38 billion. Research analysts predict that Banco Santander-Chile will post 2.07 earnings per share for the current 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 paid a $1.349 dividend. This is a boost from Banco Santander-Chile’s previous annual dividend of $1.25. This represents a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, April 23rd. Banco Santander-Chile’s payout ratio is 43.23%.

Analysts Set New Price Targets

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

About Banco Santander-Chile

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.