Banco BBVA Argentina (NYSE:BBAR) Shares Down 4.8% - Time to Sell?

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) shares were down 4.8% on Wednesday . The stock traded as low as $19.02 and last traded at $20.01. Approximately 413,039 shares were traded during trading, a decline of 45% from the average daily volume of 753,050 shares. The stock had previously closed at $21.02.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities assumed coverage on shares of Banco BBVA Argentina in a research report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 price objective for the company.

Banco BBVA Argentina Price Performance

The business's 50 day moving average is $19.62 and its two-hundred day moving average is $19.42. The firm has a market capitalization of $4.23 billion, a PE ratio of 10.76 and a beta of 1.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last issued its earnings results on Wednesday, May 21st. The bank reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. Banco BBVA Argentina had a return on equity of 12.21% and a net margin of 6.09%. The business had revenue of $667.94 million during the quarter, compared to analyst estimates of $751.69 billion. As a group, research analysts anticipate that Banco BBVA Argentina S.A. will post 1.94 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. William Blair Investment Management LLC bought a new position in shares of Banco BBVA Argentina during the 4th quarter valued at approximately $19,446,000. PointState Capital LP boosted its position in Banco BBVA Argentina by 36.1% during the first quarter. PointState Capital LP now owns 3,346,539 shares of the bank's stock valued at $60,639,000 after purchasing an additional 888,235 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Banco BBVA Argentina by 93.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank's stock worth $33,046,000 after acquiring an additional 836,688 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Banco BBVA Argentina in the fourth quarter worth approximately $11,050,000. Finally, Millennium Management LLC boosted its stake in shares of Banco BBVA Argentina by 695.8% in the fourth quarter. Millennium Management LLC now owns 523,438 shares of the bank's stock worth $9,977,000 after acquiring an additional 457,663 shares during the last quarter.

Banco BBVA Argentina Company Profile

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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