X Financial (NYSE:XYF) Trading Up 2.3% - Should You Buy?

Key Points

• X Financial's share price increased by 2.3% to $14.58, although trading volume decreased by 35% compared to the average.
• The company reported a quarterly earnings per share (EPS) of $1.85 and declared a new semi-annual dividend of $0.28 per share, up from $0.25.
• X Financial's stock currently holds a consensus rating of "Buy" from analysts, with recent changes reflecting a downgrade from "strong-buy" to "buy" by one analyst.

X Financial Sponsored ADR (NYSE:XYF - Get Free Report)'s share price was up 2.3% during trading on Wednesday . The company traded as high as $14.63 and last traded at $14.58. Approximately 114,890 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 178,054 shares. The stock had previously closed at $14.25.

Analyst Ratings Changes

A number of equities analysts have recently commented on XYF shares. Wall Street Zen lowered X Financial from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of X Financial in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

X Financial Price Performance

The stock has a market capitalization of $609.15 million, a P/E ratio of 2.73 and a beta of 0.12. The firm has a 50 day moving average of $14.27 and a 200-day moving average of $15.24.

X Financial (NYSE:XYF - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The company reported $1.85 earnings per share (EPS) for the quarter. X Financial had a return on equity of 25.42% and a net margin of 23.30%.The firm had revenue of $317.32 million for the quarter.

X Financial Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be paid a dividend of $0.28 per share. This is a positive change from X Financial's previous semi-annual dividend of $0.25. This represents a yield of 421.0%. The ex-dividend date is Friday, September 26th. X Financial's dividend payout ratio is presently 8.99%.

Institutional Investors Weigh In On X Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its holdings in X Financial by 29.4% during the first quarter. Acadian Asset Management LLC now owns 107,272 shares of the company's stock valued at $1,534,000 after purchasing an additional 24,395 shares in the last quarter. Hhlr Advisors LTD. acquired a new stake in X Financial during the first quarter valued at approximately $720,000. Finally, Jump Financial LLC acquired a new stake in X Financial during the second quarter valued at approximately $697,000. 1.15% of the stock is owned by institutional investors and hedge funds.

About X Financial

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.

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