Credicorp (NYSE:BAP) Hits New 1-Year High – Still a Buy?

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

Credicorp Trading Up 1.4%

The firm has a market capitalization of $16.39 billion, a PE ratio of 11.21, a P/E/G ratio of 0.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The firm has a fifty day moving average of $189.73 and a 200 day moving average of $187.24.

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

Credicorp Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be paid a dividend of $10.9577 per share. This represents a yield of 4.5%. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Credicorp’s previous annual dividend of $2.91. Credicorp’s dividend payout ratio (DPR) is 59.22%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BAP. Barclays PLC boosted its position in Credicorp by 3.3% during the 3rd quarter. Barclays PLC now owns 218,733 shares of the bank’s stock valued at $39,584,000 after purchasing an additional 6,988 shares during the period. Aprio Wealth Management LLC acquired a new position in Credicorp during the 4th quarter valued at approximately $200,000. Board of the Pension Protection Fund acquired a new position in Credicorp during the 4th quarter valued at approximately $422,000. Park Avenue Securities LLC bought a new stake in Credicorp during the 4th quarter valued at $238,000. Finally, Ritholtz Wealth Management raised its stake in Credicorp by 29.2% during the 4th quarter. Ritholtz Wealth Management now owns 9,014 shares of the bank’s stock valued at $1,652,000 after acquiring an additional 2,037 shares in the last quarter. Institutional investors and hedge funds 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.