Intesa Sanpaolo (OTCMKTS:ISNPY) Sets New 1-Year High - Still a Buy?

Key Points

• Intesa Sanpaolo reached a new 52-week high stock price of $36.35 on Tuesday, reflecting a gain of 1.9% from the previous close.
• The company reported quarterly earnings of $0.95 per share, surpassing expectations, with revenues hitting $7.70 billion.
• Intesa Sanpaolo announced a dividend increase to $0.8413 per share, representing a yield of 4.81% and a payout ratio of 52.17%.

Shares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.35 and last traded at $36.28, with a volume of 115001 shares trading hands. The stock had previously closed at $35.48.

Analyst Ratings Changes

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

Intesa Sanpaolo Price Performance

The firm has a 50-day moving average of $34.32 and a 200-day moving average of $31.32. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $103.44 billion, a P/E ratio of 10.83, a PEG ratio of 1.24 and a beta of 1.07.

Intesa Sanpaolo (OTCMKTS:ISNPY - Get Free Report) last posted its quarterly earnings results on Monday, May 26th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Intesa Sanpaolo had a net margin of 20.01% and a return on equity of 13.15%. The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $6.87 billion. As a group, analysts predict that Intesa Sanpaolo SpA will post 2.91 EPS for the current year.

Intesa Sanpaolo Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, May 20th. This is a positive change from Intesa Sanpaolo's previous dividend of $0.41. This represents a yield of 481.0%. Intesa Sanpaolo's dividend payout ratio is 52.17%.

About Intesa Sanpaolo

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.