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.

Institutional investors and hedge funds have recently modified their holdings of the stock. Parametrica Management Ltd boosted its holdings in Credicorp by 2.5% in the first quarter. Parametrica Management Ltd now owns 2,055 shares of the bank’s stock valued at $493,000 after purchasing an additional 50 shares in the last quarter. Comerica Bank boosted its stake in shares of Credicorp by 1.1% during the fourth quarter. Comerica Bank now owns 4,791 shares of the bank’s stock valued at $1,148,000 after acquiring an additional 51 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Credicorp by 24.2% during the first quarter. Parallel Advisors LLC now owns 328 shares of the bank’s stock valued at $79,000 after acquiring an additional 64 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Credicorp by 3.0% during the first quarter. Wetherby Asset Management Inc. now owns 2,217 shares of the bank’s stock valued at $532,000 after acquiring an additional 65 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Credicorp by 1.9% during the fourth quarter. Jennison Associates LLC now owns 3,790 shares of the bank’s stock valued at $840,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 67.29% of the company’s stock.

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.

ILLEGAL ACTIVITY NOTICE: “Credicorp Ltd. (NYSE:BAP) Sees Significant Growth in Short Interest” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2019/06/17/credicorp-ltd-nysebap-sees-significant-growth-in-short-interest.html.

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.

Featured Article: What is a CD ladder?

Receive News & Ratings for Credicorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp and related companies with MarketBeat.com's FREE daily email newsletter.