Renaissance Technologies LLC Purchases 116,200 Shares of Banco Santander-Chile (NYSE:BSAC)

Renaissance Technologies LLC grew its position in Banco Santander-Chile (NYSE:BSAC) by 21.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 659,627 shares of the bank’s stock after purchasing an additional 116,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Banco Santander-Chile were worth $12,441,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BSAC. State Street Corp increased its holdings in Banco Santander-Chile by 25.3% in the third quarter. State Street Corp now owns 293,049 shares of the bank’s stock worth $6,084,000 after purchasing an additional 59,215 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Banco Santander-Chile in the 3rd quarter valued at $527,000. Public Employees Retirement System of Ohio acquired a new position in shares of Banco Santander-Chile during the 3rd quarter valued at $1,724,000. Franklin Resources Inc. boosted its stake in Banco Santander-Chile by 1.1% during the third quarter. Franklin Resources Inc. now owns 3,164,490 shares of the bank’s stock worth $63,859,000 after acquiring an additional 33,291 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda bought a new position in Banco Santander-Chile during the third quarter worth $736,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Trading Up 1.0 %

BSAC opened at $23.10 on Wednesday. The company has a fifty day moving average price of $22.42 and a two-hundred day moving average price of $20.54. Banco Santander-Chile has a 1-year low of $17.73 and a 1-year high of $23.80. The company has a market cap of $10.88 billion, a P/E ratio of 11.91, a price-to-earnings-growth 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.

Banco Santander-Chile (NYSE:BSAC) last posted 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 return on equity of 19.15% and a net margin of 19.16%. Analysts predict that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Banco Santander-Chile Increases Dividend

The firm also recently declared 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%. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a positive change from Banco Santander-Chile’s previous annual dividend of $1.25. Banco Santander-Chile’s payout ratio is 51.55%.

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.