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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Credicorp ( BAP) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Credicorp fell $1.70 (-1.4%) to $124.55 on heavy volume. Throughout the day, 583,514 shares of Credicorp exchanged hands as compared to its average daily volume of 309,400 shares. The stock ranged in price between $124.32-$126.41 after having opened the day at $125.62 as compared to the previous trading day's close of $126.25. Other companies within the Banking industry that declined today were: Credit Suisse ( TVIX), down 6.9%, Stewardship Financial Corporation ( SSFN), down 6.3%, Credit Suisse ( DWTI), down 4.7% and Credit Suisse ( VIIX), down 3.4%.

Credicorp Ltd., through its subsidiaries, provides financial services primarily in Peru, the Cayman Islands, Bolivia, Chile, Colombia, and Panama. It operates in four segments: Banking, Insurance, Pension Funds, and Investment Banking. Credicorp has a market cap of $10.2 billion and is part of the financial sector. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are down 13.2% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Credicorp a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Credicorp as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and feeble growth in the company's earnings per share.

On the positive front, National Bank of Greece ( NBG), up 5.4%, Credit Suisse ( UWTI), up 4.6%, Bbva Banco FrancesS.A ( BFR), up 4.2% and Midsouth Bancorp ( MSL), up 3.8% , were all gainers within the banking industry with Citigroup ( C) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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