Arrowstreet Capital Limited Partnership Has $11.87 Million Position in Banco Santander-Chile (NYSE:BSAC)

Arrowstreet Capital Limited Partnership boosted its holdings in Banco Santander-Chile (NYSE:BSAC - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 629,275 shares of the bank's stock after purchasing an additional 55,061 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.13% of Banco Santander-Chile worth $11,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Banco Santander-Chile by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank's stock valued at $58,000 after acquiring an additional 903 shares during the last quarter. R Squared Ltd acquired a new stake in Banco Santander-Chile in the fourth quarter valued at $61,000. Corient Private Wealth LLC acquired a new stake in Banco Santander-Chile in the fourth quarter valued at $232,000. Sava Infond d.o.o. acquired a new stake in Banco Santander-Chile in the fourth quarter valued at $245,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Banco Santander-Chile during the 4th quarter worth about $364,000. Institutional investors own 6.42% of the company's stock.

Analysts Set New Price Targets

Separately, Bank of America cut shares of Banco Santander-Chile from a "buy" rating to a "neutral" rating and cut their target price for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $21.33.

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Banco Santander-Chile Price Performance

BSAC stock traded down $0.39 during mid-day trading on Thursday, hitting $21.93. The stock had a trading volume of 60,819 shares, compared to its average volume of 297,537. The firm has a market capitalization of $10.33 billion, a P/E ratio of 11.30, a P/E/G ratio of 0.96 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. The firm has a fifty day simple moving average of $22.32 and a 200 day simple moving average of $20.50. Banco Santander-Chile has a 52 week low of $17.73 and a 52 week high of $23.80.

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 (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. As a group, research analysts forecast that Banco Santander-Chile will post 2.07 EPS for the current year.

Banco Santander-Chile Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Wednesday, April 23rd will be given a $1.349 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 4.8%. This is an increase from Banco Santander-Chile's previous annual dividend of $1.25. Banco Santander-Chile's payout ratio is 28.87%.

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.