Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) shares traded down 4.8% on Wednesday . The company traded as low as $19.02 and last traded at $20.01. 413,039 shares were traded during mid-day trading, a decline of 45% from the average session volume of 753,050 shares. The stock had previously closed at $21.02.
Analyst Ratings Changes
Separately, Itau BBA Securities initiated coverage on shares of Banco BBVA Argentina in a research note on Tuesday, May 20th. They set a "market perform" rating and a $18.00 price target for the company.
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Banco BBVA Argentina Price Performance
The firm has a 50 day moving average price of $19.67 and a two-hundred day moving average price of $19.51. The company has a market cap of $4.02 billion, a P/E ratio of 10.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99.
Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last posted its earnings results on Wednesday, May 21st. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $667.94 million during the quarter, compared to the consensus estimate of $751.69 billion. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. On average, analysts predict that Banco BBVA Argentina S.A. will post 1.94 EPS for the current fiscal year.
Institutional Investors Weigh In On Banco BBVA Argentina
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of Banco BBVA Argentina by 38.0% in the fourth quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock worth $47,000 after acquiring an additional 685 shares during the period. GAMMA Investing LLC lifted its holdings in Banco BBVA Argentina by 27.1% during the 1st quarter. GAMMA Investing LLC now owns 5,303 shares of the bank's stock worth $96,000 after purchasing an additional 1,132 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Banco BBVA Argentina in the 1st quarter worth about $211,000. Private Advisor Group LLC bought a new position in Banco BBVA Argentina in the 1st quarter worth about $224,000. Finally, Clear Creek Financial Management LLC purchased a new position in Banco BBVA Argentina during the 4th quarter valued at about $236,000.
Banco BBVA Argentina Company Profile
(
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Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.
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