Banco BBVA Argentina (NYSE:BBAR) Shares Gap Up - Still a Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $17.79, but opened at $19.59. Banco BBVA Argentina shares last traded at $20.59, with a volume of 398,548 shares.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research report on Tuesday, December 24th.

Banco BBVA Argentina Price Performance

The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 10.54 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $18.54 and a 200 day simple moving average of $17.83.

Institutional Trading of Banco BBVA Argentina

Several large investors have recently added to or reduced their stakes in BBAR. Blue Trust Inc. raised its stake in shares of Banco BBVA Argentina by 38.0% during the fourth quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock valued at $47,000 after purchasing an additional 685 shares during the period. GAMMA Investing LLC increased its stake in Banco BBVA Argentina by 123.8% during the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank's stock worth $79,000 after buying an additional 2,307 shares during the period. Clear Creek Financial Management LLC acquired a new position in Banco BBVA Argentina in the 4th quarter worth $236,000. XTX Topco Ltd acquired a new stake in shares of Banco BBVA Argentina during the third quarter valued at about $136,000. Finally, NewEdge Advisors LLC increased its position in shares of Banco BBVA Argentina by 1,332.9% during the fourth quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock worth $281,000 after acquiring an additional 13,729 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.