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Credicorp (NYSE:BAP) Hits New 12-Month High - Time to Buy?

Credicorp logo with Finance background

Shares of Credicorp Ltd. (NYSE:BAP - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $203.09 and last traded at $202.45, with a volume of 23808 shares changing hands. The stock had previously closed at $201.21.

Credicorp Price Performance

The company has a market capitalization of $16.05 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The business's 50-day moving average is $188.00 and its two-hundred day moving average is $186.81. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results on Monday, February 10th. The bank reported $3.76 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%. As a group, analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BAP. Barclays PLC grew its position in Credicorp by 3.3% during the third quarter. Barclays PLC now owns 218,733 shares of the bank's stock valued at $39,584,000 after buying an additional 6,988 shares during the period. Principal Financial Group Inc. boosted its stake in Credicorp by 8.0% in the third quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank's stock valued at $62,812,000 after acquiring an additional 25,742 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Credicorp by 18.5% during the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock valued at $4,362,000 after acquiring an additional 3,753 shares during the period. Diversified Trust Co increased its stake in shares of Credicorp by 21.7% during the 4th quarter. Diversified Trust Co now owns 2,881 shares of the bank's stock worth $528,000 after purchasing an additional 514 shares during the last quarter. Finally, Aprio Wealth Management LLC bought a new stake in shares of Credicorp in the 4th quarter worth approximately $200,000. Institutional investors own 89.81% of the company's stock.

Credicorp Company Profile

(Get Free Report)

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.

See Also

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