Credicorp Ltd. (NYSE:BAP) Short Interest Update

Credicorp Ltd. (NYSE:BAP) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 831,000 shares, a decrease of 5.1% from the August 31st total of 875,600 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 216,900 shares, the short-interest ratio is currently 3.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Credicorp in the 2nd quarter worth $84,000. Parallel Advisors LLC raised its stake in Credicorp by 25.2% during the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock worth $101,000 after buying an additional 135 shares during the period. Atlas Capital Advisors LLC boosted its holdings in shares of Credicorp by 14.9% in the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after buying an additional 89 shares during the period. Janiczek Wealth Management LLC raised its stake in shares of Credicorp by 7.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank’s stock valued at $178,000 after purchasing an additional 76 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Credicorp in the second quarter worth $210,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Performance

Shares of NYSE:BAP opened at $182.83 on Wednesday. The business has a fifty day moving average of $171.88 and a 200-day moving average of $168.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. Credicorp has a twelve month low of $116.42 and a twelve month high of $186.36. The firm has a market cap of $14.54 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 earnings per share for the quarter, missing the consensus estimate of $4.64 by ($0.15). Credicorp had a net margin of 19.31% and a return on equity of 14.86%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, equities research analysts predict that Credicorp will post 18.86 EPS for the current fiscal year.

Credicorp Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Investors of record on Monday, September 23rd will be given a $2.9084 dividend. This represents a yield of 3.8%. The ex-dividend date is Monday, September 23rd. Credicorp’s dividend payout ratio (DPR) is presently 55.07%.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.