Credicorp (NYSE:BAP) Hits New 12-Month High – Still a Buy?

Credicorp Ltd. (NYSE:BAP)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $208.18 and last traded at $205.22, with a volume of 7378 shares. The stock had previously closed at $205.37.

Credicorp Price Performance

The business’s fifty day simple moving average is $188.86 and its 200 day simple moving average is $187.02. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 0.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. On average, research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.

Institutional Trading of Credicorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in Credicorp during the 4th quarter valued at $38,000. Cullen Frost Bankers Inc. purchased a new position in Credicorp in the first quarter worth $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Credicorp during the 4th quarter valued at $40,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Credicorp by 37.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after acquiring an additional 62 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Credicorp by 2,170.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank’s stock valued at $44,000 after purchasing an additional 217 shares during the period. 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.