Banca IFIS: Strong Q1 Performance and Strategic Acquisition Drive Buy Rating and Target Price Increase

Banca Ifis SPA (0NBX – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Manuela Meroni from Intesa Sanpaolo maintained a Buy rating on the stock and has a €25.50 price target.

Manuela Meroni has given her Buy rating due to a combination of factors including Banca IFIS’s solid financial performance and strategic initiatives. The bank’s first quarter results for 2025 exceeded expectations, with net income surpassing estimates by 18% and demonstrating strong trading performance and effective cost management. This robust financial performance supports the bank’s ability to maintain a strong capital base and a generous dividend policy.
Additionally, Banca IFIS’s strategic move to acquire illimity is seen as beneficial for reinforcing its core activities and is expected to be accretive to earnings per share. Despite some opposition from illimity shareholders, the offer is considered fair and aligns with the standalone fair value of illimity. The potential merger is anticipated to unlock significant synergies, enhancing value for stakeholders. Consequently, the target price for Banca IFIS has been increased to EUR 25.5, reinforcing the Buy recommendation.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0NBX in relation to earlier this year.