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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Credicorp ( BAP) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Credicorp fell $7.42 (-4.9%) to $142.95 on heavy volume. Throughout the day, one million shares of Credicorp exchanged hands as compared to its average daily volume of 260,300 shares. The stock ranged in price between $141.79-$150 after having opened the day at $141.79 as compared to the previous trading day's close of $150.37. Other companies within the Banking industry that declined today were: Jacksonville Bancorp Inc (FL ( JAXB), down 17.7%, Porter Bancorp ( PBIB), down 11.7%, Credit Suisse ( DGAZ), down 8.2%, and Colony Bankcorp ( CBAN), down 6.8%.
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Credicorp Ltd., through its subsidiaries, provides a range of financial products and services in Peru, Bolivia, and Panama. It operates in four segments: Banking, Insurance, Pension Fund, and Brokerage and Other. Credicorp has a market cap of $12.67 billion and is part of the financial sector. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Monday. Currently there are three analysts that rate Credicorp a buy, no analysts rate it a sell, and four 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, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Atlantic Coast Financial ( ACFC), up 15.3%, Emclaire Financial Corporation ( EMCF), up 8%, Grupo Financiero Galicia ( GGAL), up 6.7%, and United Security ( UBFO), up 6.2%, were all gainers within the banking industry with PNC Financial Services Group ( PNC) being today's featured banking industry leader.

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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