BBVA Banco Frances (NYSE:BBAR) Stock Price Down 5.6% - Here's What Happened

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report)'s stock price fell 5.6% during trading on Monday . The stock traded as low as $16.01 and last traded at $16.03. 370,924 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 752,348 shares. The stock had previously closed at $16.98.

Analysts Set New Price Targets

Several brokerages recently commented on BBAR. Itau BBA Securities began coverage on shares of BBVA Banco Frances in a research report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 price target for the company. Wall Street Zen upgraded shares of BBVA Banco Frances from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st.

BBVA Banco Frances Trading Down 4.2%

The company has a current ratio of 1.05, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.32 billion, a PE ratio of 9.51 and a beta of 1.26. The business's 50-day simple moving average is $19.51 and its 200-day simple moving average is $19.63.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last released 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. The company had revenue of $667.94 million during the quarter, compared to the consensus estimate of $751.69 billion. BBVA Banco Frances had a net margin of 8.31% and a return on equity of 13.53%. As a group, analysts expect that BBVA Banco Frances S.A. will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BBAR. GAMMA Investing LLC increased its stake in BBVA Banco Frances 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 acquiring an additional 1,132 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of BBVA Banco Frances during the first quarter worth approximately $211,000. Private Advisor Group LLC acquired a new position in shares of BBVA Banco Frances during the first quarter worth approximately $224,000. NewEdge Advisors LLC lifted its position in shares of BBVA Banco Frances by 1,332.9% during the fourth quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock worth $281,000 after purchasing an additional 13,729 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its position in shares of BBVA Banco Frances by 42.6% during the fourth quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank's stock worth $292,000 after purchasing an additional 4,574 shares in the last quarter.

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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