Short Interest in Credicorp Ltd. (NYSE:BAP) Declines By 5.1%

Credicorp Ltd. (NYSE:BAP) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 831,000 shares, a decline of 5.1% from the August 31st total of 875,600 shares. Based on an average trading volume of 216,900 shares, the short-interest ratio is presently 3.8 days. Approximately 1.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Credicorp

Several institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in Credicorp in the second quarter valued at approximately $84,000. Parallel Advisors LLC increased its stake in shares of Credicorp by 25.2% in the fourth quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock worth $101,000 after buying an additional 135 shares during the period. Atlas Capital Advisors LLC increased its stake in shares of Credicorp by 14.9% in the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after buying an additional 89 shares during the period. Janiczek Wealth Management LLC raised its holdings in Credicorp by 7.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank’s stock valued at $178,000 after buying an additional 76 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Credicorp during the 2nd quarter valued at $210,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Stock Performance

NYSE BAP traded down $3.96 during trading on Monday, hitting $181.04. 297,299 shares of the company’s stock traded hands, compared to its average volume of 233,754. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50 day moving average of $171.52 and a 200-day moving average of $168.22. Credicorp has a 12-month low of $116.42 and a 12-month high of $186.36.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share for the quarter, missing the consensus estimate of $4.64 by ($0.15). The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a net margin of 19.31% and a return on equity of 14.86%. As a group, equities research analysts anticipate that Credicorp will post 18.86 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, October 18th. Investors of record on Monday, September 23rd will be issued a dividend of $2.9084 per share. This represents a dividend yield of 3.8%. The ex-dividend date is Monday, September 23rd. Credicorp’s dividend payout ratio is currently 55.07%.

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.