Intercorp Financial Services Inc. (NYSE:IFS) Sees Large Increase in Short Interest

Intercorp Financial Services Inc. (NYSE:IFSGet Rating) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 156,900 shares, an increase of 35.8% from the March 31st total of 115,500 shares. Based on an average trading volume of 71,900 shares, the days-to-cover ratio is currently 2.2 days.

A number of research analysts have issued reports on IFS shares. Zacks Investment Research upgraded shares of Intercorp Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, April 2nd. Itaú Unibanco lowered shares of Intercorp Financial Services from an “outperform” rating to a “market perform” rating and set a $35.00 target price on the stock. in a research report on Friday, March 11th. Finally, Itau BBA Securities lowered shares of Intercorp Financial Services from an “outperform” rating to a “market perform” rating and set a $35.00 target price on the stock. in a research report on Friday, March 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.60.

Shares of NYSE IFS traded down $0.58 during trading hours on Monday, hitting $26.75. 2,043 shares of the stock were exchanged, compared to its average volume of 67,235. The firm has a market cap of $3.09 billion, a P/E ratio of 6.78, a PEG ratio of 0.49 and a beta of 1.34. The firm has a fifty day moving average of $32.70. Intercorp Financial Services has a 1-year low of $17.67 and a 1-year high of $37.64.

Intercorp Financial Services (NYSE:IFSGet Rating) last posted its quarterly earnings results on Friday, February 11th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.12). The firm had revenue of $253.62 million for the quarter, compared to analyst estimates of $299.90 million. Intercorp Financial Services had a return on equity of 18.88% and a net margin of 38.19%. On average, analysts anticipate that Intercorp Financial Services will post 3.8 EPS for the current year.

The company also recently declared an annual dividend, which will be paid on Friday, May 6th. Investors of record on Thursday, April 28th will be given a dividend of $1.75 per share. This is a positive change from Intercorp Financial Services’s previous annual dividend of $0.77. The ex-dividend date of this dividend is Wednesday, April 27th. This represents a dividend yield of 4.8%. Intercorp Financial Services’s dividend payout ratio (DPR) is currently 41.19%.

Several hedge funds and other institutional investors have recently bought and sold shares of IFS. Morgan Stanley boosted its position in shares of Intercorp Financial Services by 804.6% during the 1st quarter. Morgan Stanley now owns 16,953 shares of the company’s stock worth $507,000 after acquiring an additional 15,079 shares in the last quarter. Bank of America Corp DE boosted its position in Intercorp Financial Services by 146.2% in the second quarter. Bank of America Corp DE now owns 2,031 shares of the company’s stock valued at $51,000 after buying an additional 1,206 shares in the last quarter. Citadel Advisors LLC boosted its position in Intercorp Financial Services by 51.2% in the second quarter. Citadel Advisors LLC now owns 31,077 shares of the company’s stock valued at $781,000 after buying an additional 10,517 shares in the last quarter. Deutsche Bank AG boosted its position in Intercorp Financial Services by 1,150.0% in the third quarter. Deutsche Bank AG now owns 2,500 shares of the company’s stock valued at $56,000 after buying an additional 2,300 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Intercorp Financial Services in the third quarter valued at approximately $1,188,000. Institutional investors and hedge funds own 8.52% of the company’s stock.

About Intercorp Financial Services (Get Rating)

Intercorp Financial Services Inc provides banking, insurance, and wealth management services for retail and commercial clients in Peru. The company operates through three segments: Banking, Insurance, and Wealth Management. It provides transactional accounts, such as cuenta sueldo and cuenta simple; savings accounts; investment accounts; and time deposits, certificates of deposit, and compensation for service time accounts.

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