Credicorp Ltd (BAP): Today's Featured Banking Loser

Credicorp ( BAP) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day up 0.9%. By the end of trading, Credicorp fell $1.11 (-0.9%) to $119.19 on average volume. Throughout the day, 320,427 shares of Credicorp exchanged hands as compared to its average daily volume of 265,900 shares. The stock ranged in price between $118.50-$121.31 after having opened the day at $119.82 as compared to the previous trading day's close of $120.30. Other company's within the Banking industry that declined today were: Plumas Bancorp ( PLBC), down 13.7%, Mid Penn Bancorp ( MPB), down 11.6%, Jacksonville Bancorp Inc (FL ( JAXB), down 9.6%, and Green Bankshares ( GRNB), down 8.4%.

Credicorp Ltd., through its subsidiaries, provides a range of financial products and services in Peru, Bolivia, and Panama. Credicorp has a market cap of $9.74 billion and is part of the financial sector. The company has a P/E ratio of 13.7, above the average banking industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7. Shares are up 7.1% year to date as of the close of trading on Monday. Currently there is one analyst that rates Credicorp a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Credicorp as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front, Colony Bankcorp ( CBAN), up 14%, Porter Bancorp ( PBIB), up 12%, United Security ( USBI), up 10.4%, and Waterstone Financial ( WSBF), up 9%, were all gainers within the banking industry with Bank of America Corporation ( BAC) being today's featured banking industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).
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