BBVA Banco Frances (NYSE:BBAR) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded BBVA Banco Frances from “buy” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an $18.50 target price.
• BBAR opened at $14.51, below its 50-day moving average of $18.14, but above its 12-month low of $7.76; the stock has a market capitalization of approximately $2.96 billion.
• The bank reported quarterly EPS of $0.42 on $716.56 million in revenue, with a 4.16% net margin and 7.80% return on equity. Analysts expect full-year EPS of $1.59.

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

Other equities research analysts have also issued reports about the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of BBVA Banco Frances in a research note on Tuesday, July 14th. UBS Group increased their price objective on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, BBVA Banco Frances currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

BBVA Banco Frances Price Performance

NYSE BBAR opened at $14.51 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.31. BBVA Banco Frances has a 12-month low of $7.76 and a 12-month high of $22.47. The company has a market capitalization of $2.96 billion, a PE ratio of 14.23 and a beta of 1.02. The firm's 50 day moving average is $18.14 and its 200-day moving average is $16.78.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The bank reported $0.42 EPS for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.80%. The business had revenue of $716.56 million for the quarter. Equities research analysts anticipate that BBVA Banco Frances will post 1.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BBVA Banco Frances

A number of institutional investors have recently added to or reduced their stakes in BBAR. Northwestern Mutual Wealth Management Co. raised its position in BBVA Banco Frances by 54,175.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank's stock worth $39,000 after acquiring an additional 2,167 shares in the last quarter. XP Advisory US Inc. bought a new stake in shares of BBVA Banco Frances in the 2nd quarter valued at about $63,000. Barclays PLC lifted its stake in BBVA Banco Frances by 78.0% in the 4th quarter. Barclays PLC now owns 10,973 shares of the bank's stock valued at $198,000 after purchasing an additional 4,808 shares during the last quarter. Baader Bank Aktiengesellschaft grew its holdings in BBVA Banco Frances by 35.7% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 19,000 shares of the bank's stock worth $343,000 after purchasing an additional 5,000 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in BBVA Banco Frances by 26.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,830 shares of the bank's stock valued at $720,000 after buying an additional 8,280 shares during the period.

BBVA Banco Frances Company Profile

BBVA Banco Francés is one of Argentina's leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina's financial sector.

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