BBVA Banco Frances (NYSE:BBAR) Shares Gap Up - What's Next?

Key Points

• BBVA Banco Frances shares gapped up from $8.19 to $9.46 at market opening, with a volume of over 1 million shares traded.
• The stock has received mixed ratings from analysts, with one "Buy," two "Hold," and one "Sell," and currently has an average price target of $22.50.
• BBVA recently announced a $0.0335 monthly dividend with a yield of 4.0%, set to be paid on September 26th, and has a dividend payout ratio of 29.85%.

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $8.19, but opened at $9.46. BBVA Banco Frances shares last traded at $9.46, with a volume of 1,080,341 shares traded.

Analyst Upgrades and Downgrades

BBAR has been the topic of several research reports. Citigroup downgraded BBVA Banco Frances from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Zacks Research downgraded BBVA Banco Frances from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Finally, Wall Street Zen upgraded shares of BBVA Banco Frances from a "sell" rating to a "hold" rating in a research report on Sunday, September 7th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BBVA Banco Frances presently has an average rating of "Hold" and an average price target of $22.50.

BBVA Banco Frances Price Performance

The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 7.42 and a beta of 1.30. The company's 50 day moving average is $13.68 and its 200-day moving average is $16.91. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last issued its earnings results on Wednesday, August 20th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.13). BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. The firm had revenue of $524.41 million during the quarter, compared to analyst estimates of $727.31 billion. Equities research analysts anticipate that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

BBVA Banco Frances Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 19th will be paid a $0.0335 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 19th. BBVA Banco Frances's dividend payout ratio (DPR) is 29.85%.

Institutional Investors Weigh In On BBVA Banco Frances

Several hedge funds have recently bought and sold shares of BBAR. SBI Securities Co. Ltd. lifted its position in BBVA Banco Frances by 199.9% during the second quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank's stock worth $39,000 after acquiring an additional 1,587 shares during the last quarter. GAMMA Investing LLC lifted its position in BBVA Banco Frances by 27.1% during the first quarter. GAMMA Investing LLC now owns 5,303 shares of the bank's stock worth $96,000 after acquiring an additional 1,132 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in BBVA Banco Frances during the first quarter worth approximately $211,000. Private Advisor Group LLC acquired a new stake in BBVA Banco Frances during the first quarter worth approximately $224,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of BBVA Banco Frances by 123.3% during the second quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank's stock worth $252,000 after purchasing an additional 8,450 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.

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