Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Update

Intercorp Financial Services Inc. (NYSE:IFS) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 192,292 shares, a growth of 86.3% from the December 31st total of 103,189 shares. Based on an average daily volume of 184,938 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 184,938 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. JPMorgan Chase & Co. upped their target price on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Zacks Research cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Intercorp Financial Services presently has an average rating of “Moderate Buy” and an average target price of $48.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Blue Trust Inc. purchased a new stake in Intercorp Financial Services in the 4th quarter valued at about $94,000. SG Americas Securities LLC increased its position in shares of Intercorp Financial Services by 43.1% during the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after acquiring an additional 1,599 shares during the period. Centiva Capital LP bought a new stake in shares of Intercorp Financial Services during the third quarter valued at approximately $216,000. Pinnacle Associates Ltd. purchased a new stake in shares of Intercorp Financial Services in the third quarter valued at approximately $275,000. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Intercorp Financial Services in the second quarter valued at approximately $283,000.

Intercorp Financial Services Trading Down 1.2%

Shares of NYSE:IFS traded down $0.61 during mid-day trading on Friday, reaching $48.95. The stock had a trading volume of 318,210 shares, compared to its average volume of 197,578. The business’s 50 day moving average price is $43.24 and its 200 day moving average price is $40.98. Intercorp Financial Services has a 1 year low of $29.09 and a 1 year high of $50.80. The company has a market cap of $5.60 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 0.40 and a beta of 0.84.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Friday, November 7th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.04). Intercorp Financial Services had a net margin of 28.41% and a return on equity of 17.27%. The firm had revenue of $452.42 million for the quarter, compared to the consensus estimate of $441.08 million. Analysts predict that Intercorp Financial Services will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Company Profile

Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.