Credicorp Ltd. (NYSE:BAP) Sees Significant Decline in Short Interest

Credicorp Ltd. (NYSE:BAP) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 875,600 shares, a decline of 8.2% from the August 15th total of 953,600 shares. Based on an average daily trading volume, of 227,600 shares, the days-to-cover ratio is presently 3.8 days. Currently, 1.6% of the company’s shares are sold short.

Credicorp Trading Up 3.0 %

Shares of BAP traded up $5.19 during midday trading on Wednesday, hitting $180.42. The stock had a trading volume of 244,762 shares, compared to its average volume of 232,481. The stock’s 50 day moving average is $170.13 and its 200 day moving average is $167.90. The firm has a market cap of $14.35 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp has a 1 year low of $116.42 and a 1 year high of $181.45.

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 analysts’ consensus estimates of $4.64 by ($0.15). Credicorp had a return on equity of 14.86% and a net margin of 19.31%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.32 billion. As a group, analysts forecast that Credicorp will post 18.81 EPS for the current fiscal year.

Credicorp Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Investors of record on Monday, September 23rd will be issued a dividend of $2.9084 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend is Monday, September 23rd. Credicorp’s payout ratio is currently 55.07%.

Hedge Funds Weigh In On Credicorp

Several hedge funds have recently bought and sold shares of BAP. Headlands Technologies LLC purchased a new stake in shares of Credicorp during the second quarter valued at $84,000. Parallel Advisors LLC boosted its position in Credicorp by 25.2% in the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after buying an additional 135 shares during the period. Atlas Capital Advisors LLC grew its stake in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after acquiring an additional 89 shares in the last quarter. Janiczek Wealth Management LLC increased its position in shares of Credicorp by 7.8% during the first quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank’s stock worth $178,000 after acquiring an additional 76 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Credicorp during the second quarter valued at approximately $210,000. Institutional investors own 89.81% of the company’s stock.

About Credicorp

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.