Brokerages Anticipate Credicorp Ltd. (BAP) Will Post Earnings of $3.38 Per Share

Analysts predict that Credicorp Ltd. (NYSE:BAP) will report earnings of $3.38 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Credicorp’s earnings, with estimates ranging from $3.34 to $3.41. Credicorp posted earnings per share of $2.90 during the same quarter last year, which indicates a positive year-over-year growth rate of 16.6%. The company is expected to issue its next quarterly earnings report on Thursday, May 4th.

According to Zacks, analysts expect that Credicorp will report full year earnings of $13.95 per share for the current year, with EPS estimates ranging from $13.81 to $14.10. For the next financial year, analysts forecast that the firm will post earnings of $15.83 per share, with EPS estimates ranging from $15.16 to $16.24. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Credicorp.

Several research firms have recently commented on BAP. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a report on Thursday, February 16th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $196.00 target price on shares of Credicorp in a report on Wednesday, February 8th.

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Shares of Credicorp (NYSE:BAP) traded up 1.12% during trading on Thursday, reaching $153.66. The company had a trading volume of 233,754 shares. Credicorp has a 12 month low of $133.66 and a 12 month high of $173.80. The stock’s market capitalization is $12.21 billion. The stock’s 50-day moving average price is $159.40 and its 200-day moving average price is $158.94.

The business also recently announced an annual dividend, which will be paid on Friday, May 12th. Stockholders of record on Tuesday, April 18th will be issued a dividend of $3.7637 per share. The ex-dividend date of this dividend is Thursday, April 13th. This is a positive change from Credicorp’s previous annual dividend of $2.32. This represents a dividend yield of 2.27%. Credicorp’s dividend payout ratio is 17.79%.

Several institutional investors have recently bought and sold shares of BAP. Huntington National Bank raised its position in Credicorp by 3.4% in the first quarter. Huntington National Bank now owns 764 shares of the bank’s stock valued at $125,000 after buying an additional 25 shares during the period. Dumac Inc. bought a new position in Credicorp during the fourth quarter valued at approximately $130,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Credicorp during the fourth quarter valued at approximately $178,000. UMB Bank N A MO raised its position in Credicorp by 4.0% in the first quarter. UMB Bank N A MO now owns 1,418 shares of the bank’s stock valued at $232,000 after buying an additional 54 shares during the period. Finally, Wetherby Asset Management Inc. raised its position in Credicorp by 4.3% in the first quarter. Wetherby Asset Management Inc. now owns 1,959 shares of the bank’s stock valued at $320,000 after buying an additional 80 shares during the period. 63.91% of the stock is owned by institutional investors.

Credicorp Company Profile

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

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