Intercorp Financial Services (NYSE:IFS) Sets New 12-Month High - Time to Buy?

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $36.00 and last traded at $35.00, with a volume of 350647 shares traded. The stock had previously closed at $34.54.

Intercorp Financial Services Trading Down 0.6%

The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The firm's fifty day simple moving average is $32.89 and its two-hundred day simple moving average is $30.74.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.17. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. The company had revenue of $382.57 million for the quarter, compared to analyst estimates of $1.35 billion. As a group, analysts forecast that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 3%. Intercorp Financial Services's dividend payout ratio is currently 25.33%.

Insider Transactions at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 320,237 shares of Intercorp Financial Services stock in a transaction on Wednesday, April 23rd. The shares were bought at an average cost of $19.59 per share, for a total transaction of $6,273,442.83. Following the acquisition, the insider now directly owns 2,909,571 shares in the company, valued at $56,998,495.89. This represents a 12.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Intercorp Financial Services

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Intercorp Financial Services during the 4th quarter worth approximately $42,000. Employees Retirement System of Texas acquired a new stake in Intercorp Financial Services during the 4th quarter worth approximately $155,000. FNY Investment Advisers LLC acquired a new stake in Intercorp Financial Services during the 1st quarter worth approximately $182,000. Sei Investments Co. acquired a new stake in Intercorp Financial Services during the 4th quarter worth approximately $212,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Intercorp Financial Services during the 4th quarter worth approximately $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.