Banco Santander-Chile (NYSE:BSAC) Shares Bought by Cardinal Capital Management

Cardinal Capital Management lifted its position in Banco Santander-Chile (NYSE:BSAC) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,099 shares of the bank’s stock after acquiring an additional 472 shares during the quarter. Cardinal Capital Management’s holdings in Banco Santander-Chile were worth $2,259,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BSAC. Northern Trust Corp boosted its position in Banco Santander-Chile by 123.1% during the 4th 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 during the period. Bank of America Corp DE boosted its position in Banco Santander-Chile by 8.2% during the 4th quarter. Bank of America Corp DE now owns 290,572 shares of the bank’s stock valued at $5,480,000 after purchasing an additional 21,983 shares during the period. Two Sigma Investments LP boosted its position in Banco Santander-Chile by 41.1% during the 4th quarter. Two Sigma Investments LP now owns 145,280 shares of the bank’s stock valued at $2,740,000 after purchasing an additional 42,302 shares during the period. Quantinno Capital Management LP acquired a new position in Banco Santander-Chile during the 4th quarter valued at approximately $369,000. Finally, Sava Infond d.o.o. acquired a new position in Banco Santander-Chile during the 4th quarter valued at approximately $245,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander-Chile Trading Down 0.3%

Shares of BSAC stock opened at $24.69 on Tuesday. 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 1 year low of $18.19 and a 1 year high of $25.53. The stock has a fifty day moving average of $24.28 and a two-hundred day moving average of $22.01. The firm has a market capitalization of $11.63 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68.

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

Banco Santander-Chile Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. 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 research report on Monday, June 2nd. Wall Street Zen lowered Banco Santander-Chile from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. Finally, Bank of America lowered Banco Santander-Chile from a “neutral” rating to an “underperform” rating and set a $24.00 price target for the company. in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, Banco Santander-Chile presently has an average rating of “Hold” and an average target price of $23.00.

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.