Credicorp (NYSE:BAP) Announces Earnings Results, Misses Estimates By $0.66 EPS

Credicorp (NYSE:BAP) announced its earnings results on Monday. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66), Zacks reports. Credicorp had a return on equity of 15.59% and a net margin of 20.11%.

Credicorp Price Performance

BAP stock traded down $0.58 during midday trading on Wednesday, reaching $187.85. The stock had a trading volume of 65,217 shares, compared to its average volume of 255,203. Credicorp has a 52-week low of $153.27 and a 52-week high of $200.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The company’s fifty day simple moving average is $185.27 and its 200 day simple moving average is $181.58. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 0.51 and a beta of 1.12.

Analyst Upgrades and Downgrades

BAP has been the topic of several research analyst reports. Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $209.00 to $208.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. raised their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th.

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.