X Financial (NYSE:XYF) Announces Quarterly Earnings Results

X Financial (NYSE:XYF) reported quarterly earnings of $1.43 per share, with a net margin of 23.30% and a return on equity of 25.42%. Despite this, the stock fell 5.9% to $9.14. Analysts have downgraded the stock to a 'Hold' rating. Hedge funds have been active in trading the stock, with some increasing their holdings. X Financial provides personal finance services in China, connecting borrowers with investors.

X Financial (NYSE:XYF - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.43 EPS for the quarter, Zacks reports. X Financial had a return on equity of 25.42% and a net margin of 23.30%.

X Financial Stock Down 5.9%

NYSE:XYF traded down $0.57 during trading hours on Thursday, reaching $9.14. 406,756 shares of the stock were exchanged, compared to its average volume of 263,368. X Financial has a twelve month low of $6.20 and a twelve month high of $20.35. The business has a 50-day moving average of $13.14 and a two-hundred day moving average of $15.12. The company has a market capitalization of $381.91 million, a price-to-earnings ratio of 1.71 and a beta of 0.28.

Wall Street Analysts Forecast Growth

XYF has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of X Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. Wall Street Zen lowered shares of X Financial from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Read Our Latest Report on X Financial

Hedge Funds Weigh In On X Financial

Several hedge funds have recently bought and sold shares of XYF. BNP Paribas Financial Markets purchased a new stake in X Financial during the third quarter worth about $105,000. Russell Investments Group Ltd. grew its holdings in shares of X Financial by 468.4% in the third quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company's stock valued at $457,000 after purchasing an additional 27,837 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in X Financial during the 2nd quarter worth approximately $697,000. Institutional investors and hedge funds own 1.15% of the company's stock.

X Financial Company Profile

(Get Free Report)

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.

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