Credicorp Ltd. (NYSE:BAP) declared a dividend on Wednesday, September 25th, Fidelity reports. Shareholders of record on Wednesday, October 23rd will be paid a dividend of 8.00 per share by the bank on Friday, November 22nd. The ex-dividend date of this dividend is Monday, October 21st.
Credicorp has raised its dividend payment by an average of 86.4% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Credicorp has a dividend payout ratio of 126.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Credicorp to earn $18.17 per share next year, which means the company may not be able to cover its $20.00 annual dividend with an expected future payout ratio of 110.1%.
Shares of BAP opened at $209.83 on Friday. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.09. The business’s fifty day moving average price is $209.38 and its two-hundred day moving average price is $221.72. Credicorp has a 52 week low of $199.83 and a 52 week high of $252.49.
Several research analysts have recently issued reports on BAP shares. ValuEngine lowered Credicorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upgraded Credicorp from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $232.00 to $250.00 in a research report on Tuesday, August 13th. Zacks Investment Research lowered Credicorp from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Bank of America upgraded Credicorp from an “underperform” rating to a “buy” rating in a research report on Thursday, September 5th. Finally, HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $245.00 to $250.00 in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $258.00.
Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
Further Reading: Cost of Debt
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