BBVA Banco Frances (NYSE:BBAR) Stock Price Down 5% - What's Next?

Key Points

• BBVA Banco Frances (NYSE: BBAR) experienced a 5% decline in stock price on a recent Monday, trading at $13.12, down from a previous close of $13.81.
• The bank reported quarterly earnings of $0.24 EPS, missing the consensus estimate of $0.37 by $0.13, with revenue falling short at $524.41 million compared to an expected $727.31 million.
• Analysts maintain a consensus rating of "Moderate Buy" for BBVA Banco Frances, with a target price of $22.50, while a recent dividend announcement set a payout of $0.0221 per share.

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) was down 5% during mid-day trading on Monday . The stock traded as low as $12.97 and last traded at $13.12. Approximately 416,911 shares traded hands during trading, a decline of 45% from the average daily volume of 753,257 shares. The stock had previously closed at $13.81.

Analyst Upgrades and Downgrades

BBAR has been the subject of a number of research analyst reports. Itau BBA Securities started coverage on shares of BBVA Banco Frances in a report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 target price for the company. Wall Street Zen downgraded shares of BBVA Banco Frances from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.50.

BBVA Banco Frances Stock Down 2.6%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.11. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 9.14 and a beta of 1.18. The firm's 50-day simple moving average is $15.53 and its two-hundred day simple moving average is $17.90.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $727.31 billion. On average, sell-side analysts expect that BBVA Banco Frances S.A. will post 1.94 EPS for the current fiscal year.

BBVA Banco Frances Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were issued a $0.0221 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. BBVA Banco Frances's dividend payout ratio is 20.15%.

Institutional Trading of BBVA Banco Frances

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBAR. Fourth Sail Capital LP bought a new stake in BBVA Banco Frances in the 2nd quarter valued at about $29,399,000. PointState Capital LP grew its holdings in shares of BBVA Banco Frances by 36.1% during the first quarter. PointState Capital LP now owns 3,346,539 shares of the bank's stock worth $60,639,000 after purchasing an additional 888,235 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BBVA Banco Frances by 93.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank's stock worth $33,046,000 after buying an additional 836,688 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in BBVA Banco Frances in the fourth quarter worth approximately $11,050,000. Finally, Millennium Management LLC lifted its position in BBVA Banco Frances by 695.8% in the fourth quarter. Millennium Management LLC now owns 523,438 shares of the bank's stock valued at $9,977,000 after purchasing an additional 457,663 shares during the last quarter.

About BBVA Banco Frances

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.