Credicorp Ltd. (NYSE:BAP) Sees Significant Growth in Short Interest
Credicorp Ltd. (NYSE:BAP) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 844,300 shares, an increase of 41.0% from the April 30th total of 598,800 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 258,600 shares, the days-to-cover ratio is presently 3.3 days.
BAP traded down $1.31 on Monday, hitting $219.61. The company had a trading volume of 5,395 shares, compared to its average volume of 345,771. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 1.03 and a beta of 0.74. Credicorp has a 1 year low of $207.41 and a 1 year high of $252.49. The stock’s fifty day simple moving average is $226.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.13 and a current ratio of 1.13.
Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, May 2nd. The bank reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $0.01. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. Credicorp had a net margin of 24.83% and a return on equity of 17.08%. On average, equities research analysts predict that Credicorp will post 16.82 EPS for the current year.
Several research analysts have recently weighed in on BAP shares. Zacks Investment Research raised shares of Credicorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Citigroup lowered shares of Credicorp from a “buy” rating to a “neutral” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Credicorp currently has a consensus rating of “Hold” and a consensus price target of $257.00.
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Credicorp Company Profile
Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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