Intercorp Financial Services (NYSE:IFS) Releases Earnings Results, Beats Expectations By $0.19 EPS

Intercorp Financial Services (NYSE:IFS) released its quarterly earnings results on Monday. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.19, Zacks reports. Intercorp Financial Services had a return on equity of 16.69% and a net margin of 28.74%.

Intercorp Financial Services Stock Performance

NYSE IFS traded up $0.62 on Tuesday, reaching $45.06. 125,463 shares of the stock were exchanged, compared to its average volume of 264,327. The firm has a market capitalization of $5.00 billion, a PE ratio of 9.35, a PEG ratio of 0.36 and a beta of 0.77. Intercorp Financial Services has a one year low of $34.18 and a one year high of $53.00. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. The company’s 50-day simple moving average is $47.36 and its two-hundred day simple moving average is $45.26.

Intercorp Financial Services Increases Dividend

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

Analyst Ratings Changes

Separately, Wall Street Zen lowered Intercorp Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Institutional Investors Weigh In On Intercorp Financial Services

Several institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its position in shares of Intercorp Financial Services by 43.9% in the 4th quarter. Mackenzie Financial Corp now owns 13,158 shares of the company’s stock worth $554,000 after purchasing an additional 4,014 shares during the period. XTX Topco Ltd purchased a new position in shares of Intercorp Financial Services in the 4th quarter valued at approximately $455,000. Millennium Management LLC boosted its stake in Intercorp Financial Services by 66.7% in the 4th quarter. Millennium Management LLC now owns 639,381 shares of the company’s stock worth $27,084,000 after purchasing an additional 255,753 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Intercorp Financial Services during the 4th quarter valued at about $294,000. Finally, Armistice Capital LLC purchased a new position in shares of Intercorp Financial Services during the 4th quarter valued at about $301,000.

Intercorp Financial Services Company Profile

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.