X Financial (NYSE:XYF) Releases Earnings Results

Key Points

• X Financial reported quarterly earnings of $1.85 per share, with a return on equity of 23.30% and a net margin of 24.76%.
• The company's stock saw a decline of 4.8%, trading at $12.83, despite having a market capitalization of $536.04 million and a P/E ratio of 2.67.
• An institutional investor, Jump Financial LLC, acquired a new position in X Financial, purchasing approximately 39,900 shares valued at around $697,000.

X Financial (NYSE:XYF - Get Free Report) posted its quarterly earnings results on Monday. The company reported $1.85 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $317.32 million for the quarter. X Financial had a return on equity of 25.42% and a net margin of 23.30%.

X Financial Stock Performance

XYF traded up $0.9610 during midday trading on Friday, reaching $15.7510. 585,999 shares of the company were exchanged, compared to its average volume of 620,865. X Financial has a one year low of $4.36 and a one year high of $20.35. The stock has a market capitalization of $658.08 million, a P/E ratio of 2.95 and a beta of 0.25. The stock's 50-day simple moving average is $16.28 and its 200 day simple moving average is $14.36.

X Financial Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.28 per share. This represents a yield of 330.0%. This is an increase from X Financial's previous semi-annual dividend of $0.25. The ex-dividend date is Friday, September 26th. X Financial's dividend payout ratio (DPR) is 8.99%.

Institutional Investors Weigh In On X Financial

An institutional investor recently bought a new position in X Financial stock. Jump Financial LLC purchased a new position in shares of X Financial Sponsored ADR (NYSE:XYF - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,900 shares of the company's stock, valued at approximately $697,000. Jump Financial LLC owned 0.10% of X Financial at the end of the most recent reporting period. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut X Financial from a "strong-buy" rating to a "buy" rating in a report on Friday.

X Financial Company Profile

X Financial provides personal finance services in the People's Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.