Banco Santander-Chile (NYSE:BSAC) Sees Large Volume Increase - What's Next?

Banco Santander-Chile (NYSE:BSAC - Get Free Report) shares saw an uptick in trading volume on Monday . 309,092 shares changed hands during trading, an increase of 6% from the previous session's volume of 290,700 shares.The stock last traded at $24.46 and had previously closed at $23.97.

Banco Santander-Chile Trading Up 1.0 %

The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 12.65, 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. The business has a 50 day moving average of $22.71 and a 200 day moving average of $20.76.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last announced its quarterly earnings results 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 net margin of 19.16% and a return on equity of 19.15%. On average, research analysts forecast that Banco Santander-Chile will post 2.07 earnings per share 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. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.349 per share. 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 51.55%.

Hedge Funds Weigh In On Banco Santander-Chile

A number of hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Banco Santander-Chile by 6.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 67,669 shares of the bank's stock worth $1,543,000 after purchasing an additional 4,000 shares during the last quarter. Blue Trust Inc. increased its stake in Banco Santander-Chile by 13.2% in the 1st quarter. Blue Trust Inc. now owns 16,540 shares of the bank's stock worth $377,000 after purchasing an additional 1,931 shares in the last quarter. Cardinal Capital Management raised its holdings in Banco Santander-Chile by 0.5% during the 1st quarter. Cardinal Capital Management now owns 99,099 shares of the bank's stock worth $2,259,000 after buying an additional 472 shares during the period. GAMMA Investing LLC lifted its position in shares of Banco Santander-Chile by 3,456.9% in the 1st quarter. GAMMA Investing LLC now owns 8,003 shares of the bank's stock valued at $182,000 after acquiring an additional 7,778 shares in the last quarter. Finally, Vident Advisory LLC grew its position in Banco Santander-Chile by 18.1% during the 4th quarter. Vident Advisory LLC now owns 14,282 shares of the bank's stock worth $269,000 after purchasing an additional 2,192 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors and hedge funds.

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.