Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) declared an annual dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Monday, February 17th will be paid a dividend of 0.08 per share on Wednesday, February 26th. This represents a yield of 0.5%. The ex-dividend date is Friday, February 14th.
Inter & Co, Inc. has a payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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. Stock Up 1.9 %
Shares of Inter & Co, Inc. stock traded up $0.10 during trading on Thursday, reaching $5.37. The company had a trading volume of 1,540,777 shares, compared to its average volume of 2,077,079. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 13.77 and a beta of 1.32. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $7.84. The firm's fifty day moving average is $4.63 and its 200-day moving average is $5.89.
Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.10% and a net margin of 11.74%. On average, analysts anticipate that Inter & Co, Inc. will post 0.48 EPS for the current year.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. reduced their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a research note on Friday, January 24th.
View Our Latest Report on Inter & Co, Inc.
About Inter & Co, Inc.
(
Get Free Report)
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.
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