Banco BBVA Argentina (NYSE:BBAR) Shares Down 4.8% - Here's Why

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) dropped 4.8% on Wednesday . The stock traded as low as $18.30 and last traded at $18.05. Approximately 207,602 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 755,439 shares. The stock had previously closed at $18.95.

Analyst Ratings Changes

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

Banco BBVA Argentina Trading Up 3.4%

The firm has a market capitalization of $3.68 billion, a PE ratio of 9.38 and a beta of 1.26. 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 firm has a fifty day moving average of $19.61 and a 200 day moving average of $19.55.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last announced its earnings results on Wednesday, May 21st. The bank reported $0.28 EPS for the quarter, beating the consensus estimate 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. Equities research analysts expect that Banco BBVA Argentina S.A. will post 1.94 EPS for the current year.

Institutional Investors Weigh In On Banco BBVA Argentina

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Activest Wealth Management increased its holdings in shares of Banco BBVA Argentina by 378.3% in the 4th quarter. Activest Wealth Management now owns 71,740 shares of the bank's stock valued at $1,367,000 after acquiring an additional 56,740 shares during the last quarter. Channing Global Advisors LLC increased its holdings in shares of Banco BBVA Argentina by 139.3% in the 4th quarter. Channing Global Advisors LLC now owns 57,043 shares of the bank's stock valued at $1,087,000 after acquiring an additional 33,207 shares during the last quarter. Amundi bought a new stake in shares of Banco BBVA Argentina in the 4th quarter valued at approximately $396,000. William Blair Investment Management LLC bought a new stake in shares of Banco BBVA Argentina in the 4th quarter valued at approximately $19,446,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Banco BBVA Argentina by 93.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank's stock valued at $33,046,000 after acquiring an additional 836,688 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.