Banco BBVA Argentina (NYSE:BBAR) Trading Down 4.8% - Should You Sell?

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

Wall Street Analysts Forecast Growth

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

Banco BBVA Argentina Stock Performance

The firm has a market capitalization of $3.56 billion, a PE ratio of 9.07 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. The stock has a 50-day moving average price of $19.61 and a 200-day moving average price of $19.53.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last announced its earnings results on Wednesday, May 21st. The bank reported $0.28 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $751.69 billion. On average, research analysts expect that Banco BBVA Argentina S.A. will post 1.94 EPS for the current fiscal year.

Institutional Trading of Banco BBVA Argentina

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in Banco BBVA Argentina by 38.0% in the fourth quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock valued at $47,000 after buying an additional 685 shares during the last quarter. GAMMA Investing LLC increased its holdings in Banco BBVA Argentina by 27.1% in the first quarter. GAMMA Investing LLC now owns 5,303 shares of the bank's stock valued at $96,000 after buying an additional 1,132 shares during the last quarter. XTX Topco Ltd increased its holdings in Banco BBVA Argentina by 25.7% in the fourth quarter. XTX Topco Ltd now owns 16,521 shares of the bank's stock valued at $315,000 after buying an additional 3,378 shares during the last quarter. HUB Investment Partners LLC increased its holdings in Banco BBVA Argentina by 42.6% in the fourth quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank's stock valued at $292,000 after buying an additional 4,574 shares during the last quarter. Finally, ABS Direct Equity Fund LLC boosted its stake in Banco BBVA Argentina by 42.0% in the first quarter. ABS Direct Equity Fund LLC now owns 30,417 shares of the bank's stock valued at $551,000 after acquiring an additional 9,000 shares during the period.

About Banco BBVA Argentina

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.