BBVA Banco Frances (NYSE:BBAR) Stock Rating Lowered by Wall Street Zen

Wall Street Zen cut shares of BBVA Banco Frances (NYSE:BBAR - Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Separately, Itau BBA Securities started coverage on BBVA Banco Frances in a research note on Tuesday, May 20th. They set a "market perform" rating and a $18.00 price objective on the stock.

BBVA Banco Frances Trading Down 0.7%

NYSE BBAR traded down $0.11 during trading hours on Friday, hitting $15.07. 616,503 shares of the company's stock were exchanged, compared to its average volume of 765,545. The stock has a 50-day simple moving average of $18.12 and a 200 day simple moving average of $19.30. BBVA Banco Frances has a 1-year low of $7.05 and a 1-year high of $25.01. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 8.81 and a beta of 1.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.19.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last announced 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. BBVA Banco Frances had a return on equity of 13.53% and a net margin of 8.31%. The firm had revenue of $667.94 million during the quarter, compared to analysts' expectations of $751.69 billion. On average, equities analysts forecast that BBVA Banco Frances will post 1.94 EPS for the current fiscal year.

Institutional Trading of BBVA Banco Frances

Several large investors have recently modified their holdings of the company. Amundi purchased a new stake in shares of BBVA Banco Frances in the fourth quarter worth about $396,000. HUB Investment Partners LLC raised its position in BBVA Banco Frances by 42.6% during the fourth quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank's stock valued at $292,000 after purchasing an additional 4,574 shares during the period. Gemsstock Ltd. purchased a new stake in shares of BBVA Banco Frances in the fourth quarter worth approximately $2,831,000. XTX Topco Ltd raised its holdings in shares of BBVA Banco Frances by 25.7% in the fourth quarter. XTX Topco Ltd now owns 16,521 shares of the bank's stock worth $315,000 after buying an additional 3,378 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of BBVA Banco Frances by 1,332.9% in the fourth quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock worth $281,000 after buying an additional 13,729 shares during the period.

BBVA Banco Frances 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.