Credicorp (NYSE:BAP) Reaches New 52-Week High - Should You Buy?

Credicorp Ltd. (NYSE:BAP - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $222.99 and last traded at $219.43, with a volume of 10695 shares changing hands. The stock had previously closed at $218.81.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BAP shares. Wall Street Zen lowered shares of Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. UBS Group reiterated a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $211.00.

Credicorp Stock Performance

The company's fifty day moving average price is $201.96 and its two-hundred day moving average price is $191.05. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $17.43 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.71 and a beta of 1.04.

Credicorp Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were paid a dividend of $10.9577 per share. The ex-dividend date was Monday, May 19th. This is a positive change from Credicorp's previous annual dividend of $2.91. This represents a yield of 4.5%. Credicorp's dividend payout ratio is currently 59.87%.

Institutional Investors Weigh In On Credicorp

Several institutional investors have recently bought and sold shares of BAP. SVB Wealth LLC purchased a new stake in shares of Credicorp during the 1st quarter valued at about $35,000. Headlands Technologies LLC acquired a new stake in Credicorp in the fourth quarter valued at approximately $38,000. Cullen Frost Bankers Inc. acquired a new stake in Credicorp in the first quarter valued at approximately $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Credicorp during the fourth quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Credicorp by 2,170.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock worth $44,000 after purchasing an additional 217 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Company Profile

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.

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