Banca Ifis rises after the nine-month accounts and analysts’ opinions

Banca Ifis largely exceeds the capital requirements

(Finance) – The day after the presentation of the accounts of the 9 months of 2022 and the appointment of Ernesto Furstenberg Fassio as the new president of the company, Banca Ifis moves positively to Piazza Affari. The Venetian bank posted + 2.08% at the close of € 13.74 per share (having also reached € 13.91 during the session), doing significantly better than the FTSE Italia All-Star index of Borsa Italiana (+0 , 39%).

To push the title there are the report arrived this morning from leading analysts on the sidelines of the accounts presented yesterday. Accounts that have turned out higher than estimates (profit of 105.5 million euros, up 32% compared to 2021, payment of the dividend and confirmation of the targets for 2024), as pointed out by Akros which maintains the target price at 16.50 euros per share. Similar judgments also for Intermonte (target price at € 17.70), KWB (target price at € 18) and Equita (target price at € 19.50).

In particular, Intermonte writes that “the quarterly data show the management’s ability to orient themselves in the current macro context and the interim dividend testifies to the improvements achieved in recent quarters in terms of capital ratios “. According to Equita, the bank” has shown a good set of results, without tangible signs of credit deterioration and with capital in further strengthening “.

On the sidelines of yesterday’s accounts, the Board appointed Ernesto Furstenberg Fassio as chairman, designating Sebastien Egon Furstenberg, founder of the bank, as honorary chairman. A choice that fits into the groove of continuity and aims to allow Banca Ifis to continue its long-term growth path in the name of the family that created the bank almost 40 years ago.

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