Credicorp Ltd. (NYSE:BAP) Sees Large Decrease in Short Interest

Credicorp Ltd. (NYSE:BAPGet Rating) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 701,500 shares, a decrease of 22.3% from the March 15th total of 903,300 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 505,600 shares, the days-to-cover ratio is currently 1.4 days.

NYSE BAP opened at $144.81 on Monday. The company has a 50-day simple moving average of $159.20 and a two-hundred day simple moving average of $138.14. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. Credicorp has a 12-month low of $88.67 and a 12-month high of $182.11. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.42 and a beta of 0.77.

Credicorp (NYSE:BAPGet Rating) last posted its quarterly earnings results on Monday, February 7th. The bank reported $3.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.06). Credicorp had a net margin of 16.98% and a return on equity of 10.44%. The business had revenue of $938.47 million for the quarter, compared to analysts’ expectations of $939.24 million. Equities analysts expect that Credicorp will post 15.23 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Credicorp by 4.3% during the fourth quarter. BlackRock Inc. now owns 5,558,624 shares of the bank’s stock worth $678,542,000 after purchasing an additional 227,111 shares during the period. Dodge & Cox boosted its holdings in shares of Credicorp by 3.1% during the fourth quarter. Dodge & Cox now owns 5,556,977 shares of the bank’s stock worth $678,340,000 after purchasing an additional 165,531 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Credicorp by 40.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,896,911 shares of the bank’s stock worth $353,628,000 after purchasing an additional 834,740 shares during the period. Westwood Global Investments LLC boosted its holdings in shares of Credicorp by 10.7% during the third quarter. Westwood Global Investments LLC now owns 1,668,732 shares of the bank’s stock worth $185,129,000 after purchasing an additional 161,008 shares during the period. Finally, Ariel Investments LLC boosted its holdings in shares of Credicorp by 21.6% during the fourth quarter. Ariel Investments LLC now owns 1,532,363 shares of the bank’s stock worth $187,056,000 after purchasing an additional 271,734 shares during the period. Institutional investors own 66.74% of the company’s stock.

BAP has been the topic of a number of research analyst reports. Zacks Investment Research raised Credicorp from a “strong sell” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Thursday, February 10th. StockNews.com initiated coverage on Credicorp in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Credicorp has an average rating of “Hold” and a consensus price target of $146.14.

Credicorp Company Profile (Get Rating)

Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

Featured Stories

Receive News & Ratings for Credicorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp and related companies with MarketBeat.com's FREE daily email newsletter.