Quantinno Capital Management LP Makes New Investment in Banco Santander-Chile (NYSE:BSAC)

Quantinno Capital Management LP purchased a new position in Banco Santander-Chile (NYSE:BSAC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,550 shares of the bank's stock, valued at approximately $369,000.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of Banco Santander-Chile by 11.0% during the fourth quarter. Blue Trust Inc. now owns 18,415 shares of the bank's stock worth $382,000 after purchasing an additional 1,831 shares during the period. R Squared Ltd purchased a new stake in Banco Santander-Chile in the 4th quarter worth approximately $61,000. Robeco Institutional Asset Management B.V. grew its position in shares of Banco Santander-Chile by 42.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,092 shares of the bank's stock worth $2,378,000 after buying an additional 37,660 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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 worth $58,000 after purchasing an additional 903 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda grew its holdings in shares of Banco Santander-Chile by 171.7% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 96,355 shares of the bank's stock worth $1,817,000 after acquiring an additional 60,889 shares during the period. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander-Chile Price Performance

Shares of NYSE BSAC traded down $0.18 during midday trading on Friday, reaching $24.39. The stock had a trading volume of 52,703 shares, compared to its average volume of 301,286. The company has a market capitalization of $11.49 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 0.96 and a beta of 0.67. Banco Santander-Chile has a 12-month low of $18.19 and a 12-month high of $25.53. The stock has a 50-day moving average of $23.76 and a 200-day moving average of $21.51. 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 (NYSE:BSAC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.61 earnings per share 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 firm had revenue of $767.62 million during the quarter, compared to analyst estimates of $717.38 billion. As a group, 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 was paid on Tuesday, May 6th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $1.349 per share. This is a positive change from Banco Santander-Chile's previous annual dividend of $1.25. This represents a yield of 4.8%. The ex-dividend date was Wednesday, April 23rd. Banco Santander-Chile's dividend payout ratio (DPR) is 43.23%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Banco Santander-Chile from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Bank of America cut Banco Santander-Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price target on the stock. in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Banco Santander-Chile has an average rating of "Hold" and an average 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.