Intercorp Financial Services (NYSE:IFS) Shares Gap Up – Should You Buy?

Intercorp Financial Services Inc. (NYSE:IFSGet Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $47.16, but opened at $49.66. Intercorp Financial Services shares last traded at $53.3850, with a volume of 46,264 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Zacks Research raised shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Intercorp Financial Services in a report on Friday, May 22nd. JPMorgan Chase & Co. increased their price target on shares of Intercorp Financial Services from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $56.00.

Read Our Latest Stock Analysis on Intercorp Financial Services

Intercorp Financial Services Trading Up 11.2%

The business’s fifty day simple moving average is $47.89 and its two-hundred day simple moving average is $46.18. The stock has a market capitalization of $5.83 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.67 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.61.

Intercorp Financial Services (NYSE:IFSGet Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.54 EPS for the quarter. The company had revenue of $508.76 million during the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. As a group, analysts forecast that Intercorp Financial Services Inc. will post 5.82 earnings per share for the current year.

Intercorp Financial Services Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th were issued a dividend of $1.80 per share. This represents a dividend yield of 401.0%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from Intercorp Financial Services’s previous annual dividend of $1.00. Intercorp Financial Services’s payout ratio is 31.96%.

Hedge Funds Weigh In On Intercorp Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Intercorp Financial Services by 106.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock worth $32,000 after acquiring an additional 384 shares during the period. Blue Trust Inc. bought a new position in shares of Intercorp Financial Services during the 4th quarter worth about $94,000. DGS Capital Management LLC bought a new position in shares of Intercorp Financial Services during the 1st quarter worth about $213,000. SG Americas Securities LLC lifted its holdings in shares of Intercorp Financial Services by 43.1% during the 4th quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after acquiring an additional 1,599 shares during the period. Finally, Centiva Capital LP bought a new position in shares of Intercorp Financial Services during the third quarter valued at $216,000.

About Intercorp Financial Services

(Get Free Report)

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.

Further Reading

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