X Financial (NYSE:XYF) Issues Earnings Results

X Financial (NYSE:XYF - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $234.09 million for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%.

X Financial Trading Up 6.2 %

XYF stock traded up $0.78 during trading on Friday, reaching $13.39. 334,938 shares of the stock were exchanged, compared to its average volume of 42,182. X Financial has a twelve month low of $3.48 and a twelve month high of $14.29. The company has a market capitalization of $655.31 million, a P/E ratio of 3.53 and a beta of 0.45. The stock has a 50 day simple moving average of $9.50 and a 200-day simple moving average of $7.72.

X Financial Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 20th. This is an increase from X Financial's previous semi-annual dividend of $0.17. This represents a yield of 2.6%. X Financial's dividend payout ratio (DPR) is 8.44%.

X Financial Company Profile

X Financial provides personal finance services in the People's Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.