Short Interest in Intercorp Financial Services Inc. (NYSE:IFS) Expands By 86.3%

Intercorp Financial Services Inc. (NYSE:IFS) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 192,292 shares, an increase of 86.3% from the December 31st total of 103,189 shares. Based on an average daily trading volume, of 184,938 shares, the days-to-cover ratio is presently 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 trading volume, of 184,938 shares, the days-to-cover ratio is presently 1.0 days.

Intercorp Financial Services Stock Performance

IFS traded down $0.61 during mid-day trading on Friday, reaching $48.95. 318,210 shares of the stock were exchanged, compared to its average volume of 197,578. Intercorp Financial Services has a 1 year low of $29.09 and a 1 year high of $50.80. The stock has a market capitalization of $5.60 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.40 and a beta of 0.84. The company has a 50 day moving average price of $43.24 and a two-hundred day moving average price of $40.98.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on IFS shares. Zacks Research downgraded shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their price objective 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. Finally, Wall Street Zen lowered Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Institutional Trading of Intercorp Financial Services

Several hedge funds have recently modified their holdings of IFS. SG Americas Securities LLC lifted its position in shares of Intercorp Financial Services by 43.1% in the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after acquiring an additional 1,599 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Intercorp Financial Services by 9.7% in the 2nd quarter. Geode Capital Management LLC now owns 20,649 shares of the company’s stock valued at $787,000 after acquiring an additional 1,824 shares during the last quarter. Blue Trust Inc. purchased a new position in Intercorp Financial Services during the 4th quarter worth approximately $94,000. Boston Partners raised its stake in shares of Intercorp Financial Services by 14.4% during the third quarter. Boston Partners now owns 25,508 shares of the company’s stock worth $1,029,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Nipun Capital L.P. grew its position in Intercorp Financial Services by 11.1% during the second quarter. Nipun Capital L.P. now owns 40,970 shares of the company’s stock worth $1,562,000 after buying an additional 4,100 shares during the period.

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.