Banco BBVA Argentina (NYSE:BBAR) Shares Gap Down - Should You Sell?

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $21.82, but opened at $21.23. Banco BBVA Argentina shares last traded at $22.04, with a volume of 85,592 shares changing hands.

Wall Street Analysts Forecast Growth

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

Banco BBVA Argentina Stock Down 1.8%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 11.04 and a beta of 1.35. The business has a 50-day simple moving average of $19.57 and a 200-day simple moving average of $19.41.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The bank reported $0.28 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $751.69 billion. On average, equities analysts anticipate that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BBAR. Blue Trust Inc. increased its holdings in shares of Banco BBVA Argentina by 38.0% in the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock valued at $47,000 after acquiring an additional 685 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Banco BBVA Argentina by 27.1% in the 1st quarter. GAMMA Investing LLC now owns 5,303 shares of the bank's stock valued at $96,000 after acquiring an additional 1,132 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Banco BBVA Argentina in the 1st quarter valued at about $211,000. Private Advisor Group LLC purchased a new position in shares of Banco BBVA Argentina in the 1st quarter valued at about $224,000. Finally, Clear Creek Financial Management LLC purchased a new position in shares of Banco BBVA Argentina in the 4th quarter valued at about $236,000.

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.