Intesa Sanpaolo (OTCMKTS:ISNPY) Sets New 12-Month High - Still a Buy?

Key Points

• Intesa Sanpaolo shares reached a new 52-week high of $37.54, with a trading volume of 78,870 shares, marking a significant increase from the previous close of $36.85.
• Analysts from Kepler Capital Markets downgraded the stock from a "strong-buy" to a "hold" rating, indicating a shift in market sentiment.
• The company recently announced a dividend increase, offering $0.8413 per share, which reflects a dividend yield of 481.0%, up from the previous dividend of $0.41.

Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report)'s share price reached a new 52-week high on Friday . The company traded as high as $37.54 and last traded at $37.54, with a volume of 78870 shares trading hands. The stock had previously closed at $36.85.

Analyst Ratings Changes

Separately, Kepler Capital Markets cut Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

Intesa Sanpaolo Stock Performance

The firm has a fifty day simple moving average of $34.82 and a 200-day simple moving average of $31.89. The company has a market cap of $112.93 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.30 and a beta of 1.07. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.69.

Intesa Sanpaolo (OTCMKTS:ISNPY - Get Free Report) last issued its quarterly earnings data on Monday, May 26th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Intesa Sanpaolo had a return on equity of 13.15% and a net margin of 20.01%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $6.87 billion. On average, research analysts forecast that Intesa Sanpaolo SpA will post 2.91 EPS for the current fiscal year.

Intesa Sanpaolo Increases Dividend

The business also recently declared a dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 21st were issued a dividend of $0.8413 per share. This is an increase from Intesa Sanpaolo's previous dividend of $0.41. This represents a dividend yield of 481.0%. The ex-dividend date of this dividend was Tuesday, May 20th. Intesa Sanpaolo's dividend payout ratio is 52.17%.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments: Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; private and commercial banking, corporate and transaction banking, structured finance, investment banking, public finance, and capital markets; industrial credit, leasing, and factoring; asset management; life and non-life insurance and pension products; asset and wealth management; private investments; and bancassurance products.