Intercorp Financial Services (NYSE:IFS) Posts Earnings Results, Beats Expectations By $0.19 EPS

Intercorp Financial Services (NYSE:IFS) released its quarterly earnings results on Wednesday. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.19, Zacks reports. Intercorp Financial Services had a return on equity of 10.67% and a net margin of 18.00%.

Intercorp Financial Services Stock Up 1.8 %

NYSE IFS traded up $0.55 on Wednesday, hitting $31.11. The company’s stock had a trading volume of 334,691 shares, compared to its average volume of 164,117. The company’s 50-day moving average is $29.07 and its 200 day moving average is $26.71. The firm has a market cap of $3.56 billion, a PE ratio of 12.20, a PEG ratio of 0.27 and a beta of 1.26. Intercorp Financial Services has a 1-year low of $20.56 and a 1-year high of $31.35.

Insider Transactions at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp acquired 13,445 shares of the stock in a transaction dated Monday, December 2nd. The stock was bought at an average cost of $19.71 per share, for a total transaction of $265,000.95. Following the completion of the transaction, the insider now directly owns 1,896,159 shares of the company’s stock, valued at $37,373,293.89. The trade was a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

About Intercorp Financial Services

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.