BBVA Banco Frances (NYSE:BBAR) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded BBVA Banco Frances from “buy” to “hold.” Citigroup also moved its rating to “hold,” while UBS lowered its price target from $20 to $15 and assigned a “neutral” rating.
• Analyst sentiment remains moderately positive overall, with a consensus rating of “Moderate Buy” and an average price target of $15.00. The stock opened at $13.17, below its 50-day and 200-day moving averages.
• BBVA Banco Frances reported quarterly EPS of $0.42 on $835.6 million in revenue, with a 4.16% net margin and 7.56% return on equity. Several institutional investors, including Robeco Institutional Asset Management, recently initiated positions.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research analysts have also issued reports on the company. Citigroup lowered BBVA Banco Frances from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. Weiss Ratings upgraded shares of BBVA Banco Frances from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Finally, UBS Group decreased their target price on shares of BBVA Banco Frances from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $15.00.

BBVA Banco Frances Price Performance

BBAR stock opened at $13.17 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $13.87 and a 200 day moving average of $16.35. BBVA Banco Frances has a 1 year low of $10.00 and a 1 year high of $22.47. The company has a market cap of $2.69 billion, a P/E ratio of 12.91 and a beta of 0.90.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last issued its earnings results on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. The firm had revenue of $835.60 million for the quarter. On average, sell-side analysts forecast that BBVA Banco Frances will post 1.71 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. acquired a new stake in BBVA Banco Frances during the third quarter valued at approximately $4,617,000. NewEdge Advisors LLC bought a new position in shares of BBVA Banco Frances in the 2nd quarter worth about $311,000. XP Advisory US Inc. bought a new position in shares of BBVA Banco Frances in the 2nd quarter worth about $63,000. OceanIQ Capital LLC bought a new stake in shares of BBVA Banco Frances during the 2nd quarter valued at about $249,000. Finally, Carter Financial Group INC. acquired a new stake in BBVA Banco Frances during the first quarter worth about $150,000.

About BBVA Banco Frances

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution that operates as part of the global BBVA Group. The bank traces its origins to Banco Francés del Río de la Plata, founded in 1886, and adopted the BBVA Argentina name as part of the broader BBVA brand integration.

The company provides banking and financial services to individuals, small and medium-sized businesses, corporations and public-sector customers in Argentina. Its offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, payment services, foreign-exchange services, investment products and digital banking tools.

BBVA Argentina serves customers through a combination of branches, automated banking facilities and online and mobile channels.

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