Inter & Co. Inc. (INTR) To Go Ex-Dividend on February 20th

Inter & Co. Inc. (NASDAQ:INTR) announced an annual dividend on Wednesday, February 11th. Stockholders of record on Sunday, February 22nd will be paid a dividend of 0.1131 per share on Thursday, March 5th. This represents a dividend yield of 125.0%. The ex-dividend date is Friday, February 20th. This is a 41.4% increase from Inter & Co. Inc.’s previous annual dividend of $0.08.

Inter & Co. Inc. has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Inter & Co. Inc. to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 13.6%.

Inter & Co. Inc. Price Performance

Inter & Co. Inc. stock opened at $9.03 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $8.71 and a 200-day simple moving average of $8.66. The stock has a market cap of $3.97 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 0.33 and a beta of 1.16. Inter & Co. Inc. has a 12-month low of $4.86 and a 12-month high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $404.31 million for the quarter, compared to analysts’ expectations of $441.78 million. Inter & Co. Inc. had a return on equity of 13.94% and a net margin of 12.01%. Equities analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on INTR shares. Itau BBA Securities lowered shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $11.00 to $10.00 in a research note on Wednesday, November 19th. The Goldman Sachs Group upped their target price on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. Finally, UBS Group reissued a “buy” rating and issued a $12.00 price target on shares of Inter & Co. Inc. in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.00.

Inter & Co. Inc. Company Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.