Two Sigma Advisers LP Purchases 44,900 Shares of Banco Santander-Chile (NYSE:BSAC)

Two Sigma Advisers LP increased its position in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 63.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,841 shares of the bank's stock after buying an additional 44,900 shares during the period. Two Sigma Advisers LP's holdings in Banco Santander-Chile were worth $2,185,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. D. E. Shaw & Co. Inc. grew its position in shares of Banco Santander-Chile by 247.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 274,114 shares of the bank's stock worth $5,170,000 after buying an additional 195,189 shares during the period. Renaissance Technologies LLC lifted its position 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 valued at $12,441,000 after acquiring an additional 116,200 shares during the period. Marshall Wace LLP boosted its stake in Banco Santander-Chile by 44.9% during the fourth quarter. Marshall Wace LLP now owns 365,478 shares of the bank's stock worth $6,893,000 after acquiring an additional 113,325 shares in the last quarter. Northern Trust Corp grew its holdings in Banco Santander-Chile by 123.1% in the fourth 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. Finally, JPMorgan Chase & Co. increased 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. Institutional investors own 6.42% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BSAC shares. Wall Street Zen cut shares of Banco Santander-Chile from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. UBS Group upped their price target on Banco Santander-Chile from $20.00 to $24.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Bank of America cut Banco Santander-Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price objective for the company. in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.75.

Banco Santander-Chile Stock Up 1.8%

Shares of NYSE BSAC traded up $0.44 during mid-day trading on Monday, reaching $24.58. 801,870 shares of the company's stock traded hands, compared to its average volume of 305,784. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79. The business has a 50-day simple moving average of $23.79 and a 200 day simple moving average of $21.61. The stock has a market cap of $11.58 billion, a P/E ratio of 12.67, a PEG ratio of 0.96 and a beta of 0.67. Banco Santander-Chile has a 1-year low of $18.19 and a 1-year high of $25.53.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. The business had revenue of $767.62 million for the quarter, compared to analysts' expectations of $717.38 billion. Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. On average, analysts expect that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Banco Santander-Chile Increases Dividend

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

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.