Credicorp (NYSE:BAP) Hits New 1-Year High Following Dividend Announcement

Credicorp Ltd. (NYSE:BAP)’s stock price hit a new 52-week high during trading on Wednesday following a dividend announcement from the company. The company traded as high as $181.00 and last traded at $180.98, with a volume of 132536 shares changing hands. The stock had previously closed at $175.23.

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

Credicorp Stock Up 3.3 %

The firm has a 50 day simple moving average of $170.13 and a two-hundred day simple moving average of $167.90. The stock has a market capitalization of $14.39 billion, a P/E ratio of 10.40, a PEG ratio of 0.59 and a beta of 1.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing analysts’ consensus estimates of $4.64 by ($0.15). The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.32 billion. Credicorp had a return on equity of 14.86% and a net margin of 19.31%. On average, equities research analysts expect that Credicorp Ltd. will post 18.81 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BAP. Breakout Capital Partners LP bought a new stake in Credicorp during the 4th quarter worth $15,289,000. US Bancorp DE lifted its holdings in Credicorp by 139.8% during the 4th quarter. US Bancorp DE now owns 33,731 shares of the bank’s stock worth $5,057,000 after buying an additional 19,666 shares during the period. Sei Investments Co. grew its position in shares of Credicorp by 3.9% in the 1st quarter. Sei Investments Co. now owns 178,776 shares of the bank’s stock valued at $30,291,000 after buying an additional 6,779 shares during the last quarter. Perpetual Ltd grew its position in shares of Credicorp by 413.8% in the 1st quarter. Perpetual Ltd now owns 43,615 shares of the bank’s stock valued at $7,390,000 after buying an additional 35,127 shares during the last quarter. Finally, Letko Brosseau & Associates Inc. raised its position in shares of Credicorp by 8.7% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 112,200 shares of the bank’s stock worth $16,822,000 after acquiring an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

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.