BBVA Banco Frances (NYSE:BBAR) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• BBVA Banco Frances shares moved above their 200-day moving average, reaching $17.41 before last trading at $17.25, compared with the $17.19 long-term average.
• Analyst sentiment is moderately positive: the stock has a consensus “Moderate Buy” rating and an $18.50 price target, though UBS maintains a “Neutral” rating and Weiss Ratings reiterates “Hold.”
• The bank reported quarterly EPS of $0.28 on $822.07 million in revenue, while its dividend yields approximately 0.9%; however, the payout ratio is high at 110.98%.

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.19 and traded as high as $17.41. BBVA Banco Frances shares last traded at $17.25, with a volume of 466,879 shares traded.

Analyst Upgrades and Downgrades

BBAR has been the topic of several analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of BBVA Banco Frances in a research note on Tuesday, July 14th. UBS Group increased their price target on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the company a "neutral" rating in a research report on Friday, July 10th. Finally, Wall Street Zen upgraded shares of BBVA Banco Frances from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

BBVA Banco Frances Price Performance

The stock has a 50-day moving average price of $19.38 and a two-hundred day moving average price of $17.19. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 21.04 and a beta of 1.02.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last announced its earnings results on Friday, May 15th. The bank reported $0.28 earnings per share (EPS) for the quarter. BBVA Banco Frances had a return on equity of 6.27% and a net margin of 3.44%.The company had revenue of $822.07 million for the quarter. As a group, equities research analysts forecast that BBVA Banco Frances S.A. will post 1.59 EPS for the current year.

BBVA Banco Frances Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 12th were paid a dividend of $0.0131 per share. The ex-dividend date was Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. BBVA Banco Frances's payout ratio is presently 110.98%.

Hedge Funds Weigh In On BBVA Banco Frances

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of BBVA Banco Frances by 54,175.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank's stock worth $39,000 after buying an additional 2,167 shares during the period. Virtu Financial LLC purchased a new stake in shares of BBVA Banco Frances during the third quarter valued at $109,000. Van ECK Associates Corp acquired a new position in shares of BBVA Banco Frances in the 4th quarter valued at $150,000. Carter Financial Group INC. purchased a new position in BBVA Banco Frances in the 1st quarter worth $150,000. Finally, Barclays PLC raised its stake in BBVA Banco Frances by 78.0% in the 4th quarter. Barclays PLC now owns 10,973 shares of the bank's stock worth $198,000 after acquiring an additional 4,808 shares during the last quarter.

BBVA Banco Frances Company Profile

BBVA Banco Francés is one of Argentina's leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina's financial sector.

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