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

Credicorp Ltd. (NYSE:BAP - Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 919,400 shares, an increase of 10.6% from the September 15th total of 831,000 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 214,500 shares, the short-interest ratio is presently 4.3 days.

Institutional Trading of Credicorp

Several institutional investors have recently added to or reduced their stakes in BAP. Creative Planning lifted its position in Credicorp by 52.6% in the third quarter. Creative Planning now owns 4,037 shares of the bank's stock valued at $731,000 after purchasing an additional 1,391 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Credicorp by 95.4% in the third quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank's stock worth $1,263,000 after buying an additional 3,406 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of Credicorp in the third quarter worth $236,000. Dynamic Advisor Solutions LLC bought a new stake in Credicorp during the 3rd quarter valued at $216,000. Finally, Diversified Trust Co purchased a new stake in Credicorp during the 3rd quarter valued at $428,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lifted their target price on shares of Credicorp from $143.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, October 8th.

Credicorp Price Performance

Shares of BAP traded down $3.12 during midday trading on Tuesday, reaching $182.37. The stock had a trading volume of 198,656 shares, compared to its average volume of 232,951. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. The company's 50-day moving average is $174.99 and its 200 day moving average is $169.16. Credicorp has a 12-month low of $116.42 and a 12-month high of $187.70.

Credicorp (NYSE:BAP - Get Free Report) last issued its earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.64 by ($0.15). The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.32 billion. Credicorp had a return on equity of 14.86% and a net margin of 19.31%. On average, equities analysts predict that Credicorp will post 18.86 EPS for the current fiscal year.

Credicorp Cuts Dividend

The firm also recently announced 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 of this dividend is Monday, September 23rd. Credicorp's payout ratio 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.