Credicorp Ltd. (NYSE:BAP) Short Interest Up 25.9% in September

Credicorp Ltd. (NYSE:BAP) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 802,600 shares, an increase of 25.9% from the September 15th total of 637,700 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 330,500 shares, the short-interest ratio is currently 2.4 days.

BAP stock traded down $0.67 during midday trading on Friday, reaching $120.04. 176,326 shares of the company were exchanged, compared to its average volume of 390,689. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50-day moving average price of $127.30 and a two-hundred day moving average price of $134.30. Credicorp has a one year low of $118.00 and a one year high of $220.25. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 19.33 and a beta of 0.73.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, August 6th. The bank reported ($2.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.39 by ($4.66). The business had revenue of $868.27 million during the quarter, compared to the consensus estimate of $1.01 billion. Credicorp had a net margin of 10.06% and a return on equity of 6.60%. As a group, analysts anticipate that Credicorp will post 2.31 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Swiss National Bank boosted its position in shares of Credicorp by 9.2% in the second quarter. Swiss National Bank now owns 183,741 shares of the bank’s stock valued at $24,561,000 after acquiring an additional 15,456 shares during the period. Jane Street Group LLC raised its stake in Credicorp by 81.4% during the first quarter. Jane Street Group LLC now owns 2,425 shares of the bank’s stock worth $347,000 after acquiring an additional 1,088 shares in the last quarter. Morgan Stanley raised its stake in Credicorp by 29.5% during the first quarter. Morgan Stanley now owns 511,309 shares of the bank’s stock worth $73,152,000 after acquiring an additional 116,416 shares in the last quarter. Huntington National Bank raised its stake in Credicorp by 17.5% during the second quarter. Huntington National Bank now owns 557 shares of the bank’s stock worth $74,000 after acquiring an additional 83 shares in the last quarter. Finally, GW&K Investment Management LLC raised its stake in Credicorp by 10.0% during the second quarter. GW&K Investment Management LLC now owns 112,880 shares of the bank’s stock worth $15,089,000 after acquiring an additional 10,248 shares in the last quarter. 67.26% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on BAP shares. Bank of America upgraded shares of Credicorp from an “underperform” rating to a “neutral” rating and set a $151.00 target price on the stock in a report on Thursday, August 13th. ValuEngine upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a report on Friday, October 2nd. Zacks Investment Research downgraded shares of Credicorp from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. BofA Securities upgraded shares of Credicorp from an “underperform” rating to a “neutral” rating and set a $151.00 target price on the stock in a report on Thursday, August 13th. Finally, Santander cut shares of Credicorp from a “buy” rating to a “hold” rating and set a $165.00 price objective for the company. in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $169.25.

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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