Banco Santander-Chile (NYSE:BSAC) Reaches New 52-Week High – Here’s What Happened

Shares of Banco Santander-Chile (NYSE:BSAC) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.81 and last traded at $23.47, with a volume of 252143 shares. The stock had previously closed at $23.12.

Banco Santander-Chile Price Performance

The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 0.96 and a beta of 0.72. The company has a 50 day simple moving average of $22.49 and a 200-day simple moving average of $20.58. 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 data on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) 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%. Research analysts expect that Banco Santander-Chile will post 2.07 EPS for the current year.

Banco Santander-Chile Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, May 6th. Investors of record on Wednesday, April 23rd will be issued 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 dividend payout ratio is presently 51.55%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in Banco Santander-Chile by 601.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the bank’s stock worth $34,000 after buying an additional 1,552 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Banco Santander-Chile by 41.3% during the fourth 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 during the period. R Squared Ltd acquired a new position in shares of Banco Santander-Chile in the fourth quarter valued at $61,000. Atlas Capital Advisors Inc. raised its position in shares of Banco Santander-Chile by 12.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank’s stock valued at $149,000 after purchasing an additional 863 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Banco Santander-Chile by 3,456.9% during the 1st quarter. GAMMA Investing LLC now owns 8,003 shares of the bank’s stock worth $182,000 after buying an additional 7,778 shares during the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

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.