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

Intercorp Financial Services Inc. (NYSE:IFS) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 131,000 shares, a growth of 28.4% from the February 28th total of 102,000 shares. Based on an average trading volume of 167,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s stock are sold short.

Intercorp Financial Services Stock Down 0.6 %

Shares of IFS traded down $0.20 during mid-day trading on Wednesday, reaching $33.59. 177,119 shares of the stock traded hands, compared to its average volume of 130,120. The stock has a fifty day simple moving average of $32.06 and a 200 day simple moving average of $29.29. Intercorp Financial Services has a 12-month low of $20.56 and a 12-month high of $34.60. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 0.32 and a beta of 1.24.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.19. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. On average, equities research analysts expect that Intercorp Financial Services will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be issued a $1.00 dividend. This represents a yield of 3%. The ex-dividend date is Thursday, April 24th. Intercorp Financial Services’s dividend payout ratio is currently 31.46%.

Institutional Investors Weigh In On Intercorp Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of IFS. R Squared Ltd acquired a new position in shares of Intercorp Financial Services in the 4th quarter worth approximately $42,000. Employees Retirement System of Texas bought a new position in shares of Intercorp Financial Services in the 4th quarter worth about $155,000. Sei Investments Co. bought a new stake in shares of Intercorp Financial Services during the 4th quarter valued at about $212,000. PDT Partners LLC acquired a new stake in Intercorp Financial Services during the third quarter worth about $237,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Intercorp Financial Services in the fourth quarter worth about $238,000.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.