Intercorp Financial Services (NYSE:IFS) Announces Earnings Results

Intercorp Financial Services (NYSE:IFS) issued its earnings results on Monday. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.19, Zacks reports. Intercorp Financial Services had a return on equity of 17.92% and a net margin of 30.53%.The firm had revenue of $534.57 million for the quarter, compared to analysts’ expectations of $502.51 million.

Intercorp Financial Services Trading Down 1.3%

Shares of NYSE:IFS traded down $0.60 during trading hours on Wednesday, hitting $44.77. 65,883 shares of the company’s stock traded hands, compared to its average volume of 263,696. Intercorp Financial Services has a 1 year low of $34.20 and a 1 year high of $53.00. The business has a fifty day moving average price of $47.29 and a 200-day moving average price of $45.29. The firm has a market capitalization of $4.97 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.36 and a beta of 0.77. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.10 and a quick ratio of 1.10.

Intercorp Financial Services Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th were given a dividend of $1.80 per share. This represents a dividend yield of 401.0%. This is a boost from Intercorp Financial Services’s previous annual dividend of $1.00. The ex-dividend date was Friday, April 24th. Intercorp Financial Services’s dividend payout ratio (DPR) is presently 35.48%.

Institutional Trading of Intercorp Financial Services

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Intercorp Financial Services by 106.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock valued at $32,000 after purchasing an additional 384 shares during the period. Pinnacle Associates Ltd. purchased a new stake in shares of Intercorp Financial Services in the third quarter valued at approximately $275,000. Balyasny Asset Management L.P. purchased a new stake in shares of Intercorp Financial Services in the fourth quarter valued at approximately $294,000. Armistice Capital LLC purchased a new stake in shares of Intercorp Financial Services in the fourth quarter valued at approximately $301,000. Finally, Jane Street Group LLC purchased a new stake in shares of Intercorp Financial Services in the first quarter valued at approximately $287,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 10th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.00.

About Intercorp Financial Services

Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.